The man who died after falling from the building was identified by the police. The CFO fell from the 18th floor. The retailer is closing 150 stores and cutting 20% of its workforce. The New York Post reported that the chief financial officer of Bed Bath & Beyond was the man who fell to his death.
The New York Police Department confirmed to Insider that the man fell from the tower.
He joined Bed Bath & Beyond in 2020 after working for more than a year atAvon. Before joining the company, he held senior positions at Walgreens and P&G.
According to MarketBeat.com, he sold about 42,000 shares in the retailer for $1 million.
Bed Bath & Beyond announced last week that it would close about 150 stores and cut its workforce by 20% in a bid to revive its fortunes.
He wasn't sure what to do when he had suicidal thoughts on the bus. He called the suicide prevention hotline because he was panicked. He said that the phone call saved him.
On a call with investors on Wednesday, the company told them that it would shift away from own-brands and that it had secured loans.
The retailer's shares have become a "meme stock" like GameStop and fluctuated considerably in recent months. The chief executive, Mark Tritton, was ousted in June and replaced by board member Sue Gove. Bed Bath & Beyond and Arnal's family members did not immediately respond to Insider's request for comment.If you're in a crisis, the National Suicide Prevention Hotline is a good place to call.
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