Death Of Bed Bath & Beyond CFO Creates New Crisis For Company

The death of Bed Bath & Beyond CFO Gustavo Arnal on Friday, which the retailer announced on Sunday put the company in another crises

According to Reuters CFO was killed on Friday, after falling off the "Jenga" tower in New York's Tribeca neighborhood.

Is just days after the retail firm announced it would shut around 150 of its 700 name-brand stores

And laid off around 20 percent of its employees due to an increase of nearly 21% decline in its stock price on Wednesday, and an 85% decline in the year prior

I would like to convey Gustavo's family sincere condolences. Gustavo is remembered as a leader, talents and management for our Company by all who worked with him

That can cause an emergency for businesses or organizations. This can cause a crisis for companies

The figure was 34%. Only 34% family-owned businesses had an "robust written, communicated and documented succession plan" in place