He jumped to his death. BBBY was recently in the news because it was a short-lived repeat of Gamestop's meme stock pump. The company wasn't doing well because it sells overpriced home goods in brick & mortar stores. The stock price was low. Shorts came in, some whales got word and tried to short squeeze it (Ryan Cohen of r/superstonk fame, GME hero of reddit retail traders). Retailers (r/WSB) caught on and started pumping it. Naturally, the institutional investors got out at the top (So much for diamond hands). Retail traders are left holding the bags once again. BBBY stock price is back down below $10. Reddit has been posting suicide hotlines over the past week. People on r/wsb are talking about how they gambled away their life savings again.
Sorry for the chud news source.
On Aug. 16, Arnal sold 42,513 shares in company stock for a little over a $1 million, according to MarketBeat.com.
In 2021, he made more than $2.9 million via Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com.
The company said it has obtained more than $500 million in new financing and was reducing 20% of its workforce. It plans to close about 150 namesake stores but will keep its buybuy BABY chain.
Goddamn, imagine being suicidal because you'd have to live off of only the $775k in salary you made last year. That is literally more than I've made in my entire life.
For real, $775k is an inconceivable amount of money to me
This is what always blows my mind about these stories. I know suicide isn't rational, but if I found myself in the position I would just retire and like buy a small farm in Vermont or something.
Even if he did something illegal, it's a white collar crime so he'd only go to jail for a couple years. This guy had a choice between spending 5 years in minimal security and then going to Vermont to make artisanal goat cheese, or death, and he picked death.
If he did illegal stuff - he let the trial start and then flee the US and hide somewhere that has no extradition treaty with the US. The judge will get mad and the guy would probably get the max sentence plus extra time - but who cares? He's never going to serve time anyway.
I just quit my job of 7 years and calculated from payslips to have received ~£85,000 in take home pay - of which I have saved 1/5th, mainly due to not moving out, no social life etc.
I'll be able to survive without work for about 2 years at best. With $775k, I'd be good for 120 years.
These people are simply not the same as us, comrade. With the utmost non-violence (hello :fedposting:), they need re-education to end the alienation and come to terms with the harm they have caused. Even the “Bed, Bath and Beyond” people will need to make amends.
Thing is, that means he was sort of proletariat now. Now obviously, he wasn't off bad because of that salary, but the thing he realized was that he was enslaved to his labor. His life and livelyhood wasn't untouchable by other elites anymore. He got kicked out of the club and for him that meant he was closer to us than them now.
Isn't it interesting how becoming just like us he considers worse than death.
It isn't that he could just buy some decent land and retire somewhere, its that he no longer had POWER.