Question
Read this excerpt below: Was Feuerstein guided by morals or ethics? Morals is what you feel internally, while Ethics are rules that are given to
Read this excerpt below:
Was Feuerstein guided by morals or ethics?
Morals is what you feel internally, while Ethics are rules that are given to you on how to behave. Feuerstein was clearly guided by morals. Due to his altruistic actions, he was named the Mensch of Malden Mills and according to Merriam-Webster dictionary, the definition of a Mensch is a person of integrity and honor.
There were no rules that forced him to do what he did. He did it simply because of his beliefs. Feuerstein quoted the Torah (The book of Jewish Law) "You are not permitted to oppress the working man because he is poor and needy amongst your brethren and among the non-Jew in your community". He honored his principles and did what most people in the business world saw as a huge risk for the company.
As stated in the article, "he could have cashed his fire insurance payment and retired in luxury to Florida." https://ethix.org/2011/06/25/was-aaron-feuerstein-wrong(Links to an external site.) By David W. Gill
Do you think he could have made the decision if Malden were a publicly traded company?
I do not believe Aaron Feuerstein would have had the luxury of making the choices he made if the company would have been a publicly traded. I think that Feuerstein would have been coerced by shareholders into making the best choices for the company to mainly maintain or increase its financial standing (by either cashing in the insurance money and rebuilding elsewhere or closing entirely) rather than make choices based on a moralistic approach.
Why do you think he has critics for his decision?
I think that Feuerstein's actions led to criticism simply because to most corporate suits, it is unfathomable to give away money for the employee's well-being instead of profits.
Why on earth would Aaron Feuerstein care about his employees to the extent of losing his business?! He gave away money! We are in business to make money, not give it away!
These are the questions and comments I imagine his critics asked themselves when they learned about what Feuerstein actions. Unfortunately, most businesses throughout the world are led by greedy executives.
The article stated, "His high ideals really have no place in the hard practical realism of business competition, some say." https://ethix.org/2011/06/25/was-aaron-feuerstein-wrong(Links to an external site.) By David W. Gill
Notice the words 'hard practical realism' when aimed towards the business world. Sadly, corporate greed is on the rise. It is the harsh truth, as we have seen in the past few decades, particularly with Wall Street. Understandably, corporations are there to make money, but they also take advantage of every opportunity accessible for them to gain even more money at the expense of others even those less fortunate. Volkswagen cheated to beat emissions test, Lumosity promised unproven benefits for the brain, and ExxonMobil obstructed action on climate change. These are only a few companies caught in their lies for profit. Aaron Feuerstein stood out for honorable reasons and that made his competitors look bad.
after reading it, what's your opinion on this?
requirements
- more than 250 words
- use your own words
-cite sources if needed
- paragraph form (no bullet points or lists)
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