Bed Bath & Beyond executive jumped to his death from high-rise apartment balcony

In a class-action lawsuit alleging a "pump and dump scheme," Bed Bath & Beyond CFO Gustavo Arnal and GameStop Chair Ryan Cohen are named.

The New York City Police Department has identified Gustavo Arnal as the man who jumped to his death from a high-rise apartment in Manhattan.

According to a law enforcement source, Arnal is the chief financial officer of Bed Bath & Beyond. He died after allegedly jumping from the 18th floor balcony of his high-rise apartment.

Gustavo Arnal, 52, died after jumping from a window on Leonard St. around 12:30 p.m. Friday, according to police.

Bed Bath & Beyond confirmed his death in a press release on Sunday, but provided no further details.

Bed BatThat sale occurred during the retail chain's stock's weeklong surge, which was fueled by the same type of "meme stock" speculation on forums like Reddit that drove GameStop's stock to all-time highs last year.h & Beyond confirmed his death in a press release on Sunday, but provided no further details.

The stock, which had fallen below $5 in June, reached a high of more than $29 on Aug. 17 before plummeting precipitously.

On Wednesday, the retail giant announced a plan to close 150 "lower producing" stores and lay off workers, resulting in a 20% reduction in its workforce. Last quarter, sales at the store chain fell 26%.

Bed Bath & Beyond

Bed Bath & Beyond

has announced the closure of 150 stores as well as layoffs. Other staff layoffs related to the store closures are also to be expected.