STONKS

Bed Bath & Beyond exec ID’d as Tribeca ‘Jenga Building’ jumper

September 4, 2022

Thechief financial officer of troubled Bed Bath & Beyondhas been identified as the man who jumped to his death from the iconic new Tribeca skyscraper known as the “Jenga Building,” The Post has learned.

Gustavo Arnal, 52, who was also an executive vice presidentfor the struggling home goods retailer, plunged from the 18th floor of 56 Leonard Street on Friday, police sources said.

The 60-story building is best known for its purposely misaligned apartments stacked atop each other, resembling the popular game “Jenga.”

Messages left with Bed Bath & Bed and Arnal’s family Saturday were not immediately returned.

On Aug. 16, Arnal sold 42,513 shares in company stock for a little over a $1 million, according to MarketBeat.com.

Arnal joined Bed Bath & Beyond in 2020. He previously worked as chief financial officer for cosmetics giant Avon based out of London and had a 20-year career working overseas leading Procter & Gamble.

In 2021, he made more than $2.9 million via Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com.

Bed Bath & Beyond has recently been facing turbulence.

Shares in the Union, New Jersey-based business lost nearly a quarter of their value Wednesday, after the company announced a restructuring that includes store closures, layoffs and a possible stock offering.

The company said it has obtained more than $500 million in new financing and was reducing 20% of its workforce. It plans to close about 150 namesake stores but will keep its buybuy BABY chain.

In mid-August, shareholder activist Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc., sold his shares in Bed Bath & Beyond after taking on a 10% stake just months before and pledging to make big 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 terraces totaling 1,252 square feet with panoramic water and city skyline views.

It is also a celebrity-packed home to the mega-wealthy, including singer Frank Ocean.

Sauce: https://nypost.com/2022/09/04/bed-bath-beyond-exec-gustavo-arnal-idd-as-nyc-jenga-building-jumper-source/

>>17494033

>Cops are pussies in the 21st century.

after several SCOTUS rulings, capped off by

Castle Rock v. Gonzalez, https://www.law.cornell.edu/supremecourt/text/04-278

Justice Scalia delivered the opinion of the Court.

>>17494197

tell em anon… Let sleeping dogs lie..

>>17494102

Rusty Nail will put hair on your chest, no doubt about it.

>>17494227

$50 million or the OTHER $60 million for the book deal.

Title is something like: Dreams- About Who My Father Might Be, a graphic novel. by Barry Soetoro.

>>17494317

>HOT DAMN IM SUCCESSFUL.

Nice job anon, nice job. They coulda told ya sooner. Drinks on you it seems.

>>17494336

What the Obamas’ $65 million book advance actually means

Mar 2, 2022

Barack and Michelle Obama each just sold a book in a joint deal that appears to be bigger than any previous presidential book deal in history. Reportedly, they are making $65 million, which is an unprecedented amount of money for a presidential memoir.

It’s a move that signals the publishing industry’s faith in the enduring value of a book from the Obamas — and the belief that if Barack Obama’s memoir is good enough, it might become a genuine American classic.

The Obamas are reportedly earning more than $65 million in this deal. That’s way more than the Clintons got.

Penguin Random House, which bought the two books, won’t discuss the numbers, but the Financial Times reports that thebidding for world rights surpassed $65 million. That number well exceeds the industry’s already-lofty expectations about the Obamas’ literary earning power: This January, literary agents and publishers predicted to Forbes that Barack Obama’s memoirs might go for as much as $20 million, and a combined Barack/Michelle book deal might net as much as $45 million.

For comparison, trade publication Publishers Lunch reports that Bill Clinton secured a $15 million advance for his 2004 memoir My Life (a record-breaking advance at the time, and roughly $21 million in 2017 dollars), while Hillary Clinton got an advance of $11.5 million for her most recent memoir, 2014’s Hard Choices. That adds up to $36.5 million, just over half of the Obamas’ advance — or $42.5 million when adjusted for inflation, so about two-thirds of the Obamas’ advance.

For Penguin Random House, which published My Life, and Simon & Schuster, which published Hard Choices, those high advances paid off. The Clintons both rapidly earned out (which I’ll explain below). But that’s not always the case.

Book advances are investments. They don’t always offer a good return for the publisher

When publishers buy a book from an author, they aren’t offering them strings-free money. They’re predicting how much money the book might accrue in royalties, and they’re offering the author an advance payment of those royalties in a single lump sum. For the book to “earn out,” as the Clintons’ books did, it has to sell so many copies that its royalties surpass the amount of the advance. It’s only after the book has earned out that the author starts to receive royalties on top of their advance.

More: https://www.vox.com/culture/2017/3/2/14779892/barack-michelle-obama-65-million-book-deal-penguin-random-house

Investments. Investments in wut…

>>17494332

I wouldn't bet against that bet. You KNOW they are. Clintons "earned out" but pre-Crash I'd saved pics of her books, in the bargain bins a week after release for $.98, same with Comeys. No Bibles? That's disgusting. Now I have to go to the Library here and look, scared to see tbt.

>>17494345

Still man, well done. Puts things in much clearer perspective does it not? Sadly, no pay off for you. Or soup even. The advances are nuts. But getting all that out in public? Must be a reason this isn't behind closed doors. DOJ definitely has a horse in this race, those spies have got to get paid. Very interesting situation. If a jury is involved they zoned out early, the numbers parts aren't riveting unless you're an accountant and those were probably Voir Dired tf out of there. Don't need too much attention paid to the fine details, right? Wtf is DOJ up to here. National Security issues? (Thinking back to Mr Friend Mr Leakey, the one that gave away the RCA transistors- somebody inside had to make that happen and it sold jack squat)

>>17494375

It's research

into smells, textures

disgust and keks

I have a copy, ty!

>>17494450

>Makes the Satanists have to open a Bible to try to cypher messages.

I see that scene as The Exorcist scene