Gustavo Arnal, 52, who was also executive vice president of the distressed home goods retailer, dropped from 18The tenth Police sources said the 56th floor of Leonard Street on Friday.
The 60-storey building is famous for its intentionally skewed apartments stacked on top of each other, resembling the famous game of “Jenga”.
Letters that left with Bed Bath & Bed and the Arnal family on Saturday were not immediately returned.
On August 16, Arnal sold 42,513 shares of the company’s stock for just over $1 million, according to MarketBeat.com.
Arnal joined Bed Bath & Beyond in 2020. He previously worked as the CFO of London-based cosmetics giant Avon and had 20 years at the leading overseas company Procter & Gamble.
In 2021, he earned more than $2.9 million through Bed Bath & Beyond, including $775,000 in salary and the remainder in stock awards, according to InsiderTrades.com.
Bed Bath & Beyond recently faced disturbance.
Shares in the New Jersey-based Union lost nearly a quarter of their value on Wednesday, after the company announced a restructuring that would include store closings, layoffs and a potential share offering.
The company said it has secured more than $500 million in new funding and reduced 20% of its workforce. It plans to close about 150 stores of the same name but will retain its Buybuy BABY chain.
In mid-August, activist contributor Ryan Cohen, billionaire co-founder of online pet product retailer Chewy Inc. Sold his shares in Bed Bath & Beyond after, after take a 10% stake Just months ago and pledged to make major changes.
The Jenga Building features 19-foot ceilings, double-height windows, white oak and stone floors, a gas fireplace, a chef’s kitchen, and three balconies totaling 1,252 square feet with panoramic views of the water and city skyline.
It’s also home to famous people of the rich, including singer Frank Ocean.
Additional reporting by Larry Celona and Stephen Fago
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