2 Points
The chain did rapid expansion in the mid 2000's putting existing stores too close to the new ones.

The founder has an ocean-front home near me worth about $20 mil.

The $80 per share in 2013 means nothing.

The guy was hired in 2020 when the stock was $5 a share. His salary was around $700k a year, but his compensation for 2020 and 2021 was around $2 million and $3 million. In January 2021, the stock hit a five year peak at $35 a share and spent most of 2021 above $20 a share before sliding down to where it is today.

He and the CEO were/are being sued by the shareholders.

I’ll speculate cooking the books followed by leveraged to the hilt. Could be both.

Having $6 million in stock doesn’t help if you borrowed against it when it was $24 million.

FoxNews reported that there is a civil lawsuit filed against him for a stock manipulation/pump and dump scheme.

Dammit Gus, answer me!

Wife home when he vamoosed.

https://nypost.com/2022/09/04/...ment-when-he-jumped/

Big box retail is going to have a very rough time this Q3/4. Target and Walmart have already reported they're over-inventoried and holiday sales will likely kick-off much earlier than usual.

The last two years have seen record sales as people (idiotically) spent their COVID-relief checks and/or, spent too much time online purchasing. Executives were looking for aggressive pre-book forecasting numbers for Spring'23 and what they got back was much lower than they had hoped. Fall'23 bookings are likely to be much lower if not flat. The last two years flooded the market, combined with a shit economy, interest rates escalating and the cost of common goods skyrocketing...we're going to see more executives getting shown the door and mass shutdowns. VF already started layoffs, 600-jobs

https://www.zerohedge.com/mark...-110-million-3-weeks

This kid is also being investigated for B&BB pump & dump. Will he jump, too?

Looks like he took the third option “Beyond”

quote:

This kid is also being investigated for B&BB pump & dump. Will he jump, too?

^^^^^^^^^^^^
There are complex reasons for suicide. Getting in trouble with the authorities is nowhere near the top of the list. You are watching too many movies. If this were the case our jails would be empty and no one would be tried by a court of law.

The 20 year old kid was probably not in financial distress, didn’t have an $18,500 a month lease, wife, kids, and all that goes along with that.

He was not an employee of the company and did not breach any fiduciary duty to the shareholders.

If he does any time, it’ll be at Club Fed.

Afterwards, he has a bright future. Seriously, he didn’t lose money. Instead, he made $110,000,000 in one month. He probably didn’t have much of a reputation to worry about beforehand, but at 20, the kid is now a fucking legend. Everyone loves a winner.

Talking to his buddy:

What did you do over summer break?

I sat around the house, got high, and watched youtube. You?

I opened a TDAmeritrade account and made $110,000,000.

DUDE! You need to take that money and run!

He’s not going to off himself.

That’s my WAG, anyway.

It's Mike Lindell's fault!

If you listen to him, he's the reason Bed Bath & Beyond is going under. The bastards stopped selling his pillows and went bankrupt dontchaknow.

Gawd I wish that snake oil salesman would just go away.

Bed Bath & Beyond Is Closing 150 Stores 18 Months After Cancelling MyPillow

You think Lindell is a snake oil salesman? Might want to rethink that.