Relatively fail with honor than succeed with fraud.
Sophocles
Gustavo Arnal, the Chief Monetary Officer of Mattress, Bathtub and Past, leaped to his loss of life from the 18th story of a Manhattan workplace tower on Friday. He was 52 years outdated.
Arnal joined Beth, Bathtub & Past in 2020 and was effectively compensated. His 2021 revenue was $2.9 million. Final month he offered firm inventory price $1 million.
The shares of Mattress, Bathtub & Past, the place Arnal labored, are labeled as a meme inventory whose value has bounced round like a ping pong ball in current months. Because the inventory gyrated up and down, some folks obtained wealthy, and others misplaced some huge cash.
Arnal’s loss of life brings up photographs of the 1929 inventory market crash when just a few folks jumped out of home windows as their wealth evaporated over the course of some hours.
Nobody can say with certainty why somebody commits suicide, however it’s at all times a response to despair. My guess–and I feel it’s a good one–is that Gustavo Bernal was an honorable man who couldn’t address a monetary mess he didn’t create.
Maybe he exemplifies Sophocles’s commentary that it’s higher to fail with honor than to succeed by fraud.
