According to Gini and Marcoux (2009) , Malden Mills firm experienced a tragic fire that left several workers jobless and hence the corresponding promise for compensation from the director. However, after the destruction of a third of the properties on which the company operated, there were significant losses and financial struggles. The losses were, however, recovered based on a grant that amount to 300million dollars despite its lack of completion of the rebuilding project and compensation of the worker ( Gini & Marcoux, 2009) . The owner was however determined and hence forged forward and eventually experienced bankruptcy which led to the acquisition of the firm by another company, GE. According to Balko, however, Feuerstein's concern for his workers and the passion for his firm were the causative factors leading to bankruptcy which in turn affected more workers than those affected by the fire. Additionally, the journalist proposes that Welch, the CEO of GE, despite criticism from the public, created more job opportunities to individuals than Feuerstein.
Balko's position, therefore, is the fact that Welch posited better management skills as opposed to Feuerstein since the latter expanded the business into diverse countries while consequently creating thousands of job opportunities from individuals globally. This text thus agrees with his position but finds that Feuerstein, despite experiencing failed attempts at achieving his objectives, can be described as an exemplary leader. Additionally, this text finds that the journalist has incorporated, unknowingly, the utilitarianism theory, which posits that the general outcome of action hence a consequence, determines whether it is good or bad. Using this theory, this essay supports that Balko's application of the same in his argument is relevant and hence discourages other ways of approaching the issue.
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References
Gini, A., & Marcoux, A. M. (2009). Malden Mills: when being a good company isn’t good enough. Case Studies in Business Ethics, 6th ed., Prentice-Hall, Upper Saddle River, NJ , 432-437.
