Aaron Mordechai Feuerstein was an American industrialist, philanthropist, and the third-generation owner and CEO of Malden Mills in Lawrence, Massachusetts.
12 Facts About Aaron Feuerstein
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Aaron Feuerstein was born in Brookline, Massachusetts, on December 11,1925.
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Aaron Feuerstein attended Boston Latin School and graduated from Yeshiva University in 1947, majoring in English and philosophy.
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Aaron Feuerstein began working for the family company, Malden Mills, after he graduated in 1947.
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On December 11,1995, the Malden Mills factory, a facility that Aaron Feuerstein's grandfather built, burned down.
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Aaron Feuerstein used his insurance money to rebuild it, and to pay the salaries of all the now-unemployed workers while it was being rebuilt.
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Aaron Feuerstein spent millions keeping all 3,000 employees on the payroll with full benefits for ninety days.
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Aaron Feuerstein came to prominence globally by going against common business practices, especially at a time when many companies were downsizing and moving overseas.
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Aaron Feuerstein achieved solvency again with the help of creditor generosity and government subsidies.
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Aaron Feuerstein was an alumnus of Camp Modin in Belgrade, Maine, and the keynote speaker at the 75th annual reunion in 1997.
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Aaron Feuerstein died of pneumonia on November 4,2021, in a Boston hospital at the age of 95.
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Aaron Feuerstein's surviving descendants include 3 children and six grandchildren.