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Aaron Feuerstein (born December 11, 1925〔Vaughn, Susan (Firms Find Long-Term Rewards in Doing Good ), ''Los Angeles Times'', November 3, 1997. Accessed February 25, 2013.〕) is a businessman, philanthropist, and was the third-generation owner〔(Polartec: Polartec® Promise )〕 and CEO of Malden Mills in Lawrence, Massachusetts. When the Malden Mills factory burnt down on December 11, 1995, Feuerstein decided not only to use his insurance money to rebuild it, but to also pay the salaries of all the now-unemployed workers while it was being rebuilt. Feuerstein spent millions keeping all 3,000 employees on the payroll with full benefits for 6 months. By going against common CEO business practices, especially at a time when most companies were downsizing and moving overseas, he achieved global fame. Feuerstein claimed that he couldn't have taken another course of action due to his study of the Talmud and the lessons he learnt there: It would cost Aaron Feuerstein $25,000,000, his CEO position, and a November 2001 filing of chapter 11 bankruptcy to 'do the right thing'. The company achieved solvency again with the help of creditor generosity and government subsidies. Malden Mills later garnered some lucrative Department of Defense (DOD) contracts for 'smart' products that interweave fiber optic cabling, electronic biosensors, and USB ports into polar fleece fabric. Malden Mills was awarded a $16 million DOD contract in 2006.〔(Congress Awards Malden Mills Major Military Contracts for 2006 )〕 In January 2007, however, Malden Mills filed for bankruptcy again and ended production in July.〔Bloomberg News. (Malden Mills Returns to Bankruptcy ), ''The New York Times'', January 11, 2007. Accessed February 25, 2013.〕 The company's underfunded (by 49%) pension was abandoned due to sale of corporate assets.〔(PBGC Protects Pensions at Malden Mills )〕 Feuerstein is an alumnus of Camp Modin in Belgrade, Maine, and was the keynote speaker at the 75th annual reunion in 1997. Feuerstein is a member of Young Israel of Brookline. An Industrialist and philanthropist, for setting the standard for commitment to employees following a devastating fire at his Malden Mills manufacturing plant, he was awarded the Peace Abbey Courage of Conscience Award on March 13, 1998.〔(Courage of Conscience Award Recipients )〕 == References == 〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Aaron Feuerstein」の詳細全文を読む スポンサード リンク
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