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.
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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.
Seems like an overreaction to losing your corporation's money. People do that all the time. He was probably up to something illegal. Or maybe like gambling debts or something.
Never underestimate the over reaction of an embarrassed corporate C-level
When you've got 5 million ways to kill a CEO, but they beat you to it :boots-riley:
The “Jenga Building” features 19-foot ceilings, double-height windows, white oak and stone floors, a gas fireplace, a chef’s kitchen and three terraces totaling 1,252 square feet with panoramic water and city skyline views.
It is also a celebrity-packed home to the mega-wealthy, including singer Frank Ocean.
That sounds lovely WHY ARE YOU TELLING ME ABOUT THE BUILDING INTERIOR AND FELLOW RESIDENTS ON A POST ABOUT A SUICIDE
You don't want to get sued for associating the famous Jenga building with suicide do you? It's a very nice place. Frank thee Ocean lives there. And even though it's nick-named after a game about structures falling down, it's a very nice place that probably had nothing to do with this person's suicide, and definitely is not liable for it.
I had a buddy who bought GME and I tried to tell him it doesn't work like he thinks it does
What ever happened to GME? Is he a rich man now? Open mouth insert foot
I made like $2k on it that I promptly spent on electrolysis and paying off medical debt, but I also bought before most of the hype.
Having been inside of a Bed Bath & Beyond store before, it should come as no surprise that the company is kept afloat exclusively by BuyBuyBaby.
Their point of sale systems are all at least 30 years old and when one of them dies they just permanently close that register instead of fixing it. Basically the only products that anyone buys there are as seen on TV products, and like a huge portion of their business is focused around wedding registries and pushing people to list extremely expensive linens and small electrics, which then almost always end up not getting purchased. Literally their business model is badgering couples into adding KitchenAid mixers in the hopes that they have some vaguely wealthy boomer relatives who are willing to buy them one on their trip to pick up another mypillow and whatever thing they saw on shark tank this week.
Having been inside of a Bed Bath & Beyond store before, it should come as no surprise that the company is kept afloat exclusively by
Corporate exec suicides? Yeah, almost makes me want to support them
I fixed the post but yeah pretty much
Their stores all clear millions of dollars every single day on paper and somehow fail to turn a profit, because the only things they sell are the stupidest shit, and they offer an infinite return policy on infomercial products, while counting returns as sales.
The return bins are fucking wild.
I go to Bed Bath & Beyond every time I need a new kitchen garbage can or a shower rack. So maybe once every 5 years.
Yeah it makes like no sense as a store. What kind of store can sustain existing based on some shit that you need every 5 years, especially if you can just bring the old one back and get a new one for free.
If they get too many ideas they'll find a way to get people to pay subscription services on garbage cans or shower racks. INNOVATION!
Jumping from a building seems like a fucking horrifying way to die, jesus
Actually every death seems horrifying, time to go sit in the shower trying to not think about my inevitable end
It is at least one of the quicker and more certain ways. (Though, yes, pretty horrifying)
