Bed Bath & Beyond CFO Gustavo Arnal – Net worth, Wife, Death, Bio
Gustavo Arnal is a well-known businessman in the United States. He is the Executive Vice President and Chief Financial Officer of Bed Bath & Beyond. Gustavo Arnal died after falling from New York’s Tribeca skyscraper known as the “Jenga” tower on Friday, September 2, 2022.
How Bed Bath & Beyond CFO Gustavo Arnal Died
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He committed suicide by jumping from the 18th floor of the 57-story ‘Jenga’ building on 56 Leonard Street in New York City.
Why did Gustavo Arnal kill himself?
Gustavo, according to Fortune, was charged with taking part in the pump and dump plan. A group of shareholders filed a class action lawsuit against him and other defendants, alleging that Gustavo and majority shareholder Ryan Cohen, who is also the chairman of GameStop, engaged in a “pump and dump” scheme that cost them nearly $1.2 billion.
According to the lawsuit, Arnal and activist investor Ryan Cohen conspired to inflate the company’s stock through a “pump and dump” scheme.
Arnal and Cohen both sold company stock on August 18. Arnal sold over 42,000 shares for an estimated $1 million, and Cohen completely liquidated his 9.8% ownership through his company, RC Ventures, sending the stock tumbling.
Bed Bath & Beyond’s CFO Gustavo Arnal Personal Life
Arnal was born and raised in New York City, New York. Gustavo Arnal had a 28-year marriage to Alexandra Cadenas-Arnal. They had two grown daughters together.
According to the New York Post, Gustavo, 52, did not say anything to his wife Alexandra Cadenas-Arnal or leave a note before committing suicide. However, a law enforcement source told CNN on Sunday, September 4, that Alexandra saw him jump from their $18,500-a-month apartment.
Education
Arnal attended a private school in his hometown before enrolling in the University of Simon Bolivar in 1987 and graduating in Mechanical Engineering in 1992. Later, in 1997, he attended Metro Polytan University to pursue a Master’s in Finance.
Following that, he attended the Wharton School, where he earned his Executive Education in Competitive Strategy in 2002. Arnal also studied the Challenges of Corporate Sustainability at IMD in 2015.
Gustavo Arnal’s Net Worth
As of August 16, 2022, Arnal’s net worth is estimated to be at least $5.52 million. Mr. Arnal owns more than 55,013 units of Bed, Bath & Beyond stock worth more than $2,204,067 and has sold BBBY stock worth more than $1,403,932 in the last three years. In addition, he earns $1,910,024 per year as Exec. VP & CFO at Bed, Bath & Beyond.
According to a source familiar with the property, Arnal and his wife rented a stunning three-bedroom in the skyscraper, nicknamed the “Jenga building” due to its unique design, for nearly $18,500 per month.
Salary
Mr Arnal’s total compensation at Bed, Bath & Beyond as Executive Vice President and Chief Financial Officer is $1,910,024. Bed, Bath & Beyond executives are paid more, with Mark Tritton receiving the highest salary of $13,764,400.
When did Arnal hired in Bed Bath & Beyond company?
Mr Arnal joined the company during the pandemic in May 2020, having previously worked for cosmetic brand Avon and consumer goods behemoth Procter & Gamble.
Arnal was named CFO of the troubled Bed Bath & Beyond chain, headquartered in Union, New Jersey, in 2020, after spending about three years in London, where he held similar positions at cosmetics giant Avon and retail pharmaceutical Walgreens Boots Alliance.
What exactly does Bed, Bath, and Beyond do?
Bed Bath & Beyond Inc. and its subsidiaries (the ‘Company’) is an omnichannel retailer that makes its customers feel at ease. The Company sells a diverse range of products in the Home, Baby, Beauty, and Wellness markets. Furthermore, the Company is a partner in a joint venture that operates Bed Bath & Beyond retail stores in Mexico.
Complete Details of Gustavo Arnal in Tabular Form:
| Full Name | Gustavo Arnal |
| Date of Birth | 1970 |
| Date Of Death | September 2, 2022 |
| Age | 52 |
| Nationality | American |
| Place of Birth | New York, United States |
| Parents | Not Known |
| Spouse | Alexandra Cadenas-Arnal |
| Children | Two Daughters |
| Education | ⇒ Simon Bolivar University (Mechanical Engineering) ⇒ University of Pennsylvania ⇒ Metropolitan University (Master’s in Finance in 1997) |
| Profession | Businessman |
| Currently Working | CFO at Bed Bath & Beyond |
| Salary | $1,910,024 |
| Net Worth | $5.52 Million |
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Q: How Gustavo Arnal Died?
Ans: Gustavo Arnal committed suicide by jumping from the 18th floor of the 57-story ‘Jenga’ building on 56 Leonard Street in New York City.
Q: Who is Gustavo Arnal Wife?
Ans: Gustavo Arnal Wife’s name is Alexandra Cadenas-Arnal. They were married for 28 years.
Q: Who is Gustavo Arnal kids?
Ans: Gustavo Arnal have two daughters.
Q: What is Gustavo Arnal net worth?
Ans: $5.52 million.
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