The employees and the community was Aeron Feuerstein main concern. Because they
5 Malden Mills were his main concern he put the fire accident and the financial concerns last. This was an example of corporate social responsibility. There are so many businesses downsizing and filing bankruptcy. When a business cares about their employees they come up with the best way to downsize or lay employees off with keeping the employees and the community’s impact at the lowest. Aeron stated, “I simply felt an obligation to the entire community that relies on our presence here in Lawrence; it would have been unconscionable to put three thousand people out on the streets” (Batstone, 2003, p. 133). There are many employees at Malden Mills that owe their jobs to both Aeron and Jack Welch. Areon saved their jobs with his kindness and Jack saved it with the love of money. Regardless of the consequences Aeron Feuerstein may have faced, by paying the employees while the business was being reconstructed. Even after the business was done Feuerstein tried to buy back the company and keep jobs in Lawrence, he cared about the community.
6 Malden Mills Reference: Ahlhauser, J. (1990). A history of photojournalism ethics. In P. Lester (Ed.), NPPA special report: The ethics of photojournalism (pp. 2-5). Durham, NC: NPPA. Anonymous,. (2009). Competing visions at Malden Mills (pp. 1-2). China, China: WenWen. Retrieved March 8, 2011, from Batstone, M. (2009). Visions of Malden Mills (pp. 132-134). Lawrence, New England: LLC. Berg, D. (1995). "Trust, Reciprocity and Social History," (pp. 122-142): Games and Economic Behavior 10. Boatright, J. (2009). Ethics and the conduct of business (6th ed.). Upper Saddle River, NJ : Prentice Hall. ISBN: 9780205667505 Kinicki, A., & Kreitner, R. (2009). Organizational behavior: Key concepts, skills and best practices (Ashford University custom ed.).* Boston, MA: McGraw-Hill Learning Solutions
You've reached the end of your free preview.
Want to read all 6 pages?
- Spring '11
- Business Ethics, Corporate social responsibility, Malden Mills, Aeron Feuerstein