Gustavo Arnal had been serving as a CFO to Bedbath And Beyond around the peak of the pandemic on May 2020. Before that, he had a number of experience in the same field for many years. If you look at the market summary of the company in the last five years, its fluctuation is significant. However, the fall can be clearly seen.
It was more like the Bedbath got Arnal on board to revive it and bring it back to the track. Alas! Things did not pan out accordingly. The red color did not fade away at all, which got everybody in trouble.
MarketBeat.com reports that on August 16th, Gustavo Arnal sold his 42,513 shares of company stock for just over $1 million. In 2020, Gustavo Arnal started working for Bed Bath & Beyond.
According to InsiderTrades.com, Arnal earned $2.9 million from Bed Bath & Beyond in 2021, with $7,75,000 of that coming from salary and the rest from stock awards. He owned 267,896 shares in the business at the time, which were worth a little under USD 6.5 million.
Gustavo fell off from the Jenga Building, an 821-foot-tall 60-story luxury building in Tribeca, Manhattan, New York City, which is the tallest building in the neighborhood. Numerous celebrities have their homes in it, which range in price from $3.5 million to $50 million.
Calculating all his earnings over the years, Gustavo Arnal’s net worth was around half a billion. His previous works also help him increase his total assets. Hence, with an experience of over two decades, he was a wealthy man.