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China Daily / 2022-09 / 09 / Page011

New York executive's death highlights rise in suicide

By MAY ZHOU in Houston | CHINA DAILY | Updated: 2022-09-09 00:00

Gustavo Arnal, the chief financial officer of US retail chain Bed Bath & Beyond, jumped to his death from a high-rise apartment in New York last week.

The company has been facing financial problems, and Arnal was named a defendant in a class-action lawsuit filed last month accusing him and other large shareholders of engaging in a "pump and dump "scheme to artificially inflate the price of the company's stock and then sell it for personal gains.

The New York Police Department said in a statement that the 52-year-old Arnal was found unconscious and unresponsive outside his luxury 57-story skyscraper in Manhattan. It has been reported that Arnal's wife witnessed him jump. No suicide note was found, nor is criminality.

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