Malden Mills and Aaron Feuerstein
o :# Ethics isn't easy
Ethical decisions often come in the midst of stress
Reacting emotionally or instinctual, without stopping to think through options and
mistakenly framing the issues, may not provide the best ethical outcome
ethical challenges often hold...
MHR Final Questions and Answers
Malden Mills and Aaron Feuerstein
o :# Ethics isn't easy
Ethical decisions often come in the midst of stress
Reacting emotionally or instinctual, without stopping to think through options and
mistakenly framing the issues, may not provide the best ethical outcome
ethical challenges often hold more than one right thing to do by examining stakeholder
interests
Critical Facts in Ethical Hero or Failed Businessman (MM)
o :# Critically disabling factory fire
Out of work, skilled labor force; employees hospitalized
Devastated economic conditions in community
Christmas season; trauma of devastation; age of F
, 2024/2025 2|Page
Legacy family leadership for F
Immense offshore textile competition
Sophisticated product in Polartec
New, larger factory rebuild
less than expected insurance recovery
Ethical Issues of MM
o :# Rebuild factory in an economically devastated community
pay workers while the factory is rebuilt
insurance payout and how its used
Would it have been ethical for F to take the insurance payout and not rebuild? Did he
have a duty to pay the workers even while the factory was rebuilt? Did workers have an
ethical need to continue to get paid?
, 2024/2025 3|Page
Challenge of deciding between 2 competing ethical rights
Stakeholders in MM Case
o :# Feuerstein
His family
Workers
Community
Customers
His Board
Creditors
Insurer?
Ethical Values in Tension for F in MM Case
o :# F's mind (reason) and heart (intuition)
F's individuality (autonomy) and notions of community (equality)
What were F's Touchstones?
-religious
-secular (3rd gen. owner)
, 2024/2025 4|Page
Ethical Standards in MM Case
o :# What laws or rules or standards apply to the decision here, if any?
What can we ascertain as the mission, vision, and values of Malden Mills?
Was there a religious ethical standard influencing F?
Paine's CODEX
o :# Fiduciary
Property
Reliability
Transparency
Dignity
Fairness
Citizenship
Responsiveness
Fiduciary
o :# act in company's best interest
Property
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