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He was found unconscious and unresponsive outside the luxury 57-story skyscraper in the Tribeca neighborhood on Friday around 12:30 p.m., the NYPD said in a statement Sunday. Police said the man “suffered injuries indicative of a fall from a height.” EMS responded and the man was pronounced dead, police said.
A law enforcement source told CNN Sunday that Arnold’s wife was a witness to the jump. Sources said that while no suicide note was found, no culprit was suspected.
The NYPD said the New York City Medical Examiner’s Office will determine the cause of death and that the investigation is ongoing. CNN reached out to the medical examiner’s office but did not immediately receive a response.
Bed Bath & Beyond is “deeply saddened by this shocking loss,” a company spokesperson said in response to Arnal’s death.
In a statement Sunday, Harriet Edelman, chairwoman of Bed Bath & Beyond’s independent board of directors, said, “My deepest condolences to the Gustavo family.
Edelman added: “Our focus is on supporting the family and the team and our thoughts are with them during this sad and difficult time. Please join us in respecting the family’s privacy.”
The statement said Arnall joined Bed Bath & Beyond Inc. in May 2020 following finance roles at Avon, Walgreens Boots Alliance and Procter & Gamble.
Edelman said Arnal was “instrumental in leading the company throughout the coronavirus pandemic, transforming the company’s financial foundation and building a strong and talented team. He was also a respected colleague in the financial community.”
Arnal was named as a defendant in the class action suit, alleging that he, Ryan Cohen and other major shareholders participated in a “pump and dump” scheme to artificially inflate the company’s stock price.
The lawsuit was filed Aug. 23 in the United States District Court for the District of Columbia.
The suit alleges that Arnall and others made misleading statements and omissions when communicating to investors about BBBY’s strategic plans and financial condition, and delayed disclosures about holding and selling their own shares.
The lawsuit also alleges that stakeholders shared false earnings numbers and that the company planned to use the “Buy Baby” brand to promote its stock buybacks.
Editor’s Note: If you or someone you know is struggling with suicidal thoughts or mental health issues, please call the National Suicide Prevention Lifeline at 988 to meet with a trained counselor or visit an NSPL site.
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