The death of the CFO of Bed Bath and Beyond was ruled a suicide by the New York City Medical Examiner's Office.
The interim CFO is the company's Chief Accounting Officer.
The stock of Bed Bath & Beyond fell 15% to $7 per share on Tuesday after the death of the CFO was ruled a suicide.
Local police and Bed Bath & Beyond confirmed over the weekend that the man fell to his death from a New York City skyscraper.
The retailer said on Sunday that it was "profoundly sad" by the loss of Arnal.
Less than a week after Bed Bath & Beyond announced it would close 150 stores and lay off 20% of its staff, the CFO died.
The home goods retailer, which has faced inventory struggles and declining sales this year, has recently secured over $500 million in new financing.
Laura Crossen, Bed Bath & Beyond's chief accounting officer, will be the interim CFO.
In recent months, Bed Bath & Beyond shares have been considered a favorite of the meme stock crowd. Despite jumping over 60% in August, the stock is still down over 50% by the end of the year. The stock tanked again on August 18 when Ryan Cohen sold his 10% stake in the company. The stock has remained volatile as details about new financing and cost cuts have come to light.
Several people, including Ryan Cohen, were named in a recent class-action lawsuit regarding a "pump and dump" scheme. The lawsuit was filed in the United States District Court for the District of Columbia.
If you or someone you know is thinking about suicide, you can call the National Suicide Prevention Hotline or send a text.
The CFO of Bed Bath & Beyond died after falling from a skyscraper.
Bed Bath & Beyond is planning layoffs and store closings.
The shares of Bed Bath & Beyond jumped after the company secured new financing.
The investor in Bed Bath & Beyond sold his entire stake.
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