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.
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