Was Feuerstein guided by morals or ethics?

For discussion, address the following in 200-300 words:

• Was Feuerstein guided by morals or ethics?
• Do you think he could have made the decision if Malden were a publicly traded company?
• Why do you think he has critics for his decision?

You must provide citations for all materials used.

Please watch the video and read the article

– Video: https://www.youtube.com/watch?v=ry7_FcSiQL8

– Article: https://ethix.org/2011/06/25/was-aaron-feuerstein-wrong

Sample Solution

Aaron Feuerstein, the former owner and CEO of Malden Mills, a textile company, is widely known for his decision to keep his employees paid and the factory running even after a catastrophic fire had destroyed the main building of the company in 1995. This act of generosity was in contrast to the common practice at the time of laying off employees and shutting down operations after a disaster like this.

Feuerstein’s decision was guided by his strong sense of morality and ethics. He saw his employees as more than just a means to an end and believed that it was his duty to take care of them in their time of need. Feuerstein was quoted saying, “I didn’t do it for PR reasons or for tax benefits, I did it because it was the right thing to do.” This statement showcases Feuerstein’s strong belief in the importance of moral and ethical values, and how they should guide business decisions.

However, if Malden Mills had been a publicly traded company, Feuerstein’s decision might have been more complicated. Publicly traded companies are