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

 “The home-goods seller is attempting to trim costs and raise money as it tires to correct recent operating missteps and navigate a challenging economic environment. t hasbeen burning through cash reserves for several quarters, and a shopper exodus has shaken investor and vendor confidence,” according to the Wall Street Journal.

Statement By Board Of Directors

"I wish to extend our sincerest condolences to Gustavo's family. Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our Company. I am proud to have been his colleague, and he will be truly missed by all of us at Bed Bath & Beyond and everyone who had the pleasure of knowing him," Harriet Edelman, the independent chair of the Bed Bath & Beyond Inc. board of directors, said in a statement.