Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Ethics: Aaron Feuerstein & Malden Mills

Case Study on Malden Mills Burning Crisis
by

Leyka Lara

on 7 March 2013

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Ethics: Aaron Feuerstein & Malden Mills

Did He Do The Right Thing? Aaron Feuerstein Case Summary Malden Mills was founded in 1906
Feuerstein inherited company in 1960
Made a comeback with its patented “polarfleece” technology
Malden Mills burnt to the ground in 1995
Feuerstein kept every employee on payroll
Feuerstein is considered a moral hero for his ethical actions Who Was Affected? Ethical Issues Feuerstein failed to address unsafe work conditions and even lobbied regulators to "back off"
Work conditions possible cause of fire
Feuerstein could have pocketed insurance money
Feuerstein could have moved company operations overseas Feuerstein's Critics Aaron Feuerstein's post-crisis actions were full of good intentions
Critics blame his actions for the company's bankruptcy
Feuerstein should have collected insurance money and moved the company overseas
People saw his good deeds as an expense rather than a righteous act Resolution Primary Stakeholders
Employees and their families
Shareholders
Feuerstein and his family
Suppliers
Vendors and Retailers of Polartec
Consumers of Polartec Secondary Stakeholders
Local Community/Economy
Media and Critics Knowing that what Mr. Feuerstein did could ultimately lead to your company's demise, would you follow in his footsteps or would you base your decisions on your own interests? Malden Mills didn't make enough profit forcing Feuerstein to file for bankruptcy
Creditors owned 95% of company after bankruptcy
Feuerstein eventually had to resign
Feuerstein tried to buy back Malden Mills on multiple occasions
Full transcript