malden mills case study 10'21'11

malden mills case study 10'21'11 - David Coffman Bus 101...

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David Coffman Bus 101 Section HB 10/21/2011 Malden Mills The key stakeholders in this case are the employees and the owners and since Aaron Feuerstein owned the majority of shares he could be considered one of the key owners. The employees are clearly key stakeholders because their jobs and lives were at stake. Thirty-three employees were killed by the fire and the factory went out of commission for over three months. Most of these employees lived in the impoverished area of Methuen and desperately needed to keep bringing in an salary when the factory was undergoing repairs. The owners were a key stakeholder because the mere existence of the factory was in question. Whether or not the factor would rebuild was still up in the air and that question would surely affect the owner’s profits. The interest of the employees is job security. They want to be able to keep their job and keep on earning income. Unfortunately, for them, they are not protected by any government legislation. Feuerstein could have caught his losses and capitalized on the fire insurance without
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malden mills case study 10'21'11 - David Coffman Bus 101...

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