Authors: Nohria, Nitin; Piper, Thomas R.; Gurtler, Bridget
Source: Harvard Business School
Company Name: Malden Mills
Number of pages: 16, 1
CEO Aaron Feuerstein of Malden Mills decided to pay idled workers after a massive fire at his mill in 1995. Focuses on the decisions made post-fire and the rebuilding process and eventual bankruptcy of the company. Also outlines creditors' struggle to decide whether to lend Feuerstein additional funds to enable him to regain control of the company after emerging from bankruptcy.