About a decade ago, maybe more, a factory burned down somewhere in New England. It took a year to rebuild. For that whole year the owner of the factory kept paying his employees their full salaries until the plant reopened. I remember hearing an interview with the owner - I don't remember his name, or what the factory made, but I remember that the interviewer asked the owner why he kept paying out these salaries. The owner shrugged. "How many suits can I wear?" he replied. Read More
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Suits
September 8, 2013
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Dec 25, 2013 7:06 AM EST
Here's where you'll find the story.
http://en.wikipedia.org/wiki/Aaron_Feuerstein
- Jesse Leaf
Oct 05, 2019 11:07 PM EDT
The story is not as simple as it appears. From a Forbes story April 14, 2003:
"It's a heartstring-tugging story--at least the way Feuerstein has told it again and again to the press. But take a look into investigations by the Occupational Safety & Health Administration, the office of the Massachusetts state fire marshal and Malden's insurance company, American International Group, and a strikingly different saga emerges. According to documents and depositions in suits and countersuits, Malden repeatedly put its employees in harm's way and should have known about unsafe working conditions--which may have contributed to the fire--but didn't do enough to fix them and, instead, lobbied regulators to back off."
- E. Isaacs