1 year 7 months ago
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Bed Bath & Beyond CFO Gustavo Arnal, who was named alongside GameStop chairman Ryan Cohen in a lawsuit alleging insider trading, was found dead on Friday, according to Business Insider.
Arnal was 52. He had joined Bed Bath & Beyond two years ago after stints at Avon, Walgreens, and Proctor & Gamble. In mourning his death, the retailer said he was instrumental in guiding the organization throughout the pandemic.
Bed Bath & Beyond shares spiked in March after Cohen revealed that he had acquired almost 10% of the company's shares through his firm RC Ventures. The retailer made an agreement with RC Ventures to put three of Cohen's choices on the board of directors, and soon after the board of directors ousted the company's CEO.