Usually someone is CFO at certain companies for two years or so, gets stock options, and if the stock doesn’t perform well, for reasons outside their control, they get screwed
I never thought bed bath and beyond was a worthy store. There were some even deals but overall value for the money never stood out at those stores. How did they last this long?
Being a CFO of a Fortune 500 company is not an easy job. Being the CFO of a struggling Fortune 500 company is brutal.
Still, it couldn’t be that bad unless he dumped the majority of his own money into the stock.
Tragic.
We don’t know his net worth despite his high income. It’s possible he made bets that put him deep enough in debt that he didn’t feel like he could ever crawl out of it. The richer you are, the bigger risks you can take, and sometimes people do that with their own money instead of other people’s money because of overconfidence.
It could also be a relationship, mental health, or drug abuse issue. Tragic any way.
This is pretty suspicious. They must have been committing financial fraud (which is 20 years in prison under RICO). Or he knew something someone didn’t want him to know. Executives don’t kill themselves unless it’s something really, really bad. Such as the CEO of American Energy who drove into a bridge at a high speed the day after being indicted for antitrust crimes.
Gustavo Arnal, 52, was being sued for allegedly inflating the Bed Bath & Beyond's stock price in a 'pump and dump' scheme. It was filed in federal court just one week before he took his own life.