Executive falls to death

THe finance boss of US retailer Bed, Bath & Beyond has fallen to his death from a New York skyscraper.

Gustavo Arnal, 52, fell from the 18th floor of the ‘Jenga’ tower in Tribeca in lower manhattan, police said.

Arnal’s death on Friday came just days after the company announced it was closing 150 stores and would cut jobs in a bid to turn around the loss-making business. mailonline reported that Arnal was being sued for artificially inflating the company’s stock price to sell off his shares at a higher value.

The lawsuit claims shareholders lost nearly £1bn when Arnal and a majority investor engaged in a ‘pump and dump’ scheme. The document was filed just one week before Arnal’s death.