Man jumps to his death from 56 Leonard

Police report that a 52-year-old man jumped from an 18th floor balcony of 56 Leonard yesterday, Friday, Sept. 2. EMS responded at 12:25p to investigate a DOA; they pronounced the man deceased. The medical examiner has since ruled the death a suicide.

He was identified by police as Gustavo Arnal, and he lived at 56 Leonard and was the CFO of Bed Bath & Beyond, moving here from London to join the company in May 2020.

The company acknowledged his death on Sunday, issuing a press statement and saying that the entire organization is “profoundly saddened by this shocking loss.”

“I wish to extend our sincerest condolences to Gustavo’s family,” said Harriet Edelman, independent chair of the company’s board of directors. “Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our Company. I am proud to have been his colleague, and he will be truly missed by all of us at Bed Bath & Beyond and everyone who had the pleasure of knowing him. Our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. Please join us in respecting the family’s privacy.”

Arnal had a long career in finance that included positions at Avon, Walgreens Boots Alliance and Procter & Gamble. At Bed Bath & Beyond, the company said that he was “instrumental in guiding the organization throughout the coronavirus pandemic.”

The Times reports that a putative securities class action and shareholder derivative action was filed with the SEC on August 23 against the company, Gustavo Arnal , and certain third parties in the United States District Court for the District of Columbia. The case, Si v. Bed Bath & Beyond Corp., asserts “claims of breach of fiduciary duty, negligent misrepresentation, and violations of the Exchange Act. Arnal had recently sold tens of thousands of shares in the company, according to the filings. 

If you are in crisis, please call the 988 Suicide & Crisis Lifeline by dialing 988, now active across the United States, or contact the Crisis Text Line by texting TALK to 741741.


1 Comment

  1. Worth noting there’s a new 3-digit crisis hotline to make access easier: 988.