-- more on -- Factories Move Abroad, as Does U.S. Power WELL WORTH READING djf

[Dave Farber <dave () farber net>]

> Date: Sun, 17 Aug 2003 18:06:17 -0700
> From: Mary Eisenhart <Mary.Eisenhart () yoyow com>
> listx.com/>
>
> Hi Dave--I dunno if you think this is listworthy, and my feelings will not 
> be hurt if it is not. But this illustrates all the more strongly the 
> greatness of Aaron Feuerstein at Malden Mills, who, in the face of extreme 
> incentive to move operations offshore after his factory burned down, 
> refused to do so and kept his employees on the payroll and rebuilt.
>
> The company did indeed go into bankruptcy, but is now emerging. 
> Furthermore, they would have emerged a lot soon had Feuerstein accepted 
> any of the pile of money happy Polartec customers sent him to show their 
> support and keep the company going. I would have sent some myself, but 
> before I got around to it, there was a story on the TV news about it in 
> which the Malden Mills folks said they were giving all that money to 
> charity instead of using it for the company.
>
> There are not many companies whose customers don't merely buy the product 
> with glee, they send the company donations to keep going in hard times. 
> And it is all because Aaron Feuerstein is essentially what all men in his 
> position should be--a man with a sense of responsibility to his employees 
> and his customers as to himself. All of us will lose if Malden Mills goes 
> under, and it seems that anyone who's ever bought a piece of Polartec is 
> willing to invest in the very existence of the company that made it.
>
> I literally know of no other examples of this righteous behavior, and why 
> this man has not been given the Medal of Freedom long before this is a 
> mystery to me. He's an example to American business, regrettably without peer.
>
> This is also why I won't buy poly fleece without the Malden Mills label.
>
> Thanks!
>
> ME

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