Jamie M. Boatwright Business Ethics January 18‚ 2011 Should Aaron Feuerstein rebuild in Malden and pay his employees in the meantime? What do you think of Feuerstein’s decision? What would you have done had you been in his position? I believe that Aaron Feuerstein should proceed with his plans to rebuild in Malden as well as continue to pay his employees some type of severance pay. Although the company faced tough economic hardships that were not at the fault of the employees‚ it should not
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they have little or no control. Should the business response to something like the 9/11 attacks be any different from the response to “normal” fluctuations in the business cycle? If so‚ why and how? If not‚ why not? How does the example set by Aaron Feuerstein influence your decision? When normal business cycle going down then the companies can be changed by opening new lines‚ new products or new companies. Unlike the normal business cycle‚ after 9/11 attacks the business is going down immediately
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what elements of core self-evaluation appear to characterize Mr. Feuerstein? World needs modern heroes .World needs stories of peoples success ‚ models of success and if this involve on the way also someone who is a Good Samaritan then it is just perfect . Humanity lived another day. Hope is back and without any capitalistic cynicism : hunting down the rich is postponed….. A round of applause for Mr. Aaron Feuerstein. Financial successful people and their ways to became
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4‚ May 2001 590-615 © 2001 Sage Publications‚ Inc. 590 Downloaded from mcq.sagepub.com at SAGE Publications on February 10‚ 2011 Ulmer / EFFECTIVE CRISIS MANAGEMENT 591 This article investigates the postcrisis communication of Aaron Feuerstein‚ chief executive officer of
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Responsibility Instructor: Dr. Alan Swank October 7‚ 2012 Corporate Social Responsibility in Business Today Boatright (2009‚ pp 349) relates that Feuerstein’s pledge to continue paying his workers eventually cost them their jobs‚ and cost Feuerstein his company. Feuerstein’s commitment personifies a company’s responsibility to a community and workers. Corporate Social Responsibility (CSR) influences the local community and the world as well. Its impacts are social‚ economic‚ and environmental
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relatively successful in its industry until the factory was destroyed by a fire in 1995. After the fire‚ the company’s CEO Aaron Feuerstein declared that he would continue to pay his employees their normal wages for at least one month. In the end he paid the employees for longer than that and spent around 15 million dollars paying the employees while the new mill was being built. Feuerstein built the new mill for a cost of 400 million. He gambled that the money from the insurance company and expanded Polartec
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Chapter 1 Ethics & Business McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies‚ Inc. All rights reserved. ETHICS IS TOUGHER THAN YOU THINK . . . A person with outward courage dares to die. A person with inward courage dares to live. - Lao Tzu 1-2 CHAPTER OBJECTIVES After exploring this chapter‚ you will be able to: 1. 2. 3. 4. 5. 6. 7. Explain why ethics is important in the business environment. Explain the nature of business ethics as an academic discipline. Distinguish
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have little or no control. Should the business response to something like the 9/11 attacks be any different from the response to “normal” fluctuations in the business cycle? If so‚ why and how? If not‚ why not? How does the example set by Aaron Feuerstein influence your decision? 2) Bill Young has adopted a practice of sharing as much financial information with his employees as possible. How does the existence of a financial crisis affect the wisdom of such a strategy? How much information
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TEXTBOOK CASE STUDY (GROUP) Copy the Case Number and title of your case here (delete this instruction before finalizing your file/report) Use this template to type and submit your assignment (delete this instruction before finalizing your file/report) MGT 3020-3 (delete: List group members alphabetically) First name (degree) (matric)‚ First name (degree) (matric)‚* First name (degree) (matric)‚ First name (degree) (matric)‚ First name (degree) (matric)‚ First name (degree) (matric) *group
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morale‚ companies that exhibits straightforward ethics tends to show higher production and profits‚ lower employee issues and it’s just the right thing to do. If you take care of your employees‚ they will take care of business. For example‚ Aaron Feuerstein‚ CEO of Malden Mills‚ could have closed his plant after a devastating fire and move it overseas but he pledged to rebuild his plant at the same location and keep the jobs in the local community. But even more surprising‚ he promised to continue
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