The continuing saga at Malden Mills Industries Inc. is turning into a case study of whether altruism makes good business sense. Six years ago, the Lawrence textile company gained fame after owner ...

LAWRENCE, Mass., Nov. 29 -- Malden Mills Industries Inc., the company made famous when it kept its employees on the payroll while it recovered from a devastating fire, filed for Chapter 11 ...

The unsolicited contributions started eight years ago, after the CEO became a hero for refusing to lay off workers after a fire devastated his Malden Mills Industries Inc. textile plant.

Malden Mills Industries Inc., made famous in 1995 when president and chief executive Aaron Feuerstein kept employees on the payroll while it recovered from a devastating fire, filed Chapter 11 ...

Not so at Malden Mills, the textile company in Lawrence, Mass., that invented the fabric Polartec. As 60 Minutes reported last year, Malden Mills also filed for bankruptcy protection, but that's ...

After a fire destroyed most of the Malden Mills textile complex in Lawrence, Mass., in December 1995, the owner, Aaron Feuerstein, kept paying his 1,400 workers for another three months ...

Malden Mills Industries Inc. named a new chief executive Monday and disclosed that its longtime family owner, Aaron Feuerstein, has left the textile company to pursue his attempt to buy back ...

FILE— Aaron Feuerstein, president and CEO of Malden Mills, smiles outside a courthouse, on Aug 14, 2003, in Worcester, Mass. Feuerstein, the former owner of a mill factory in Massachusetts who ...

(JTA) — Aaron Feuerstein, who became known as the “Mensch of Malden Mills” for continuing to pay his workers even after the textile factory he owned burned to the ground, died at 95 on Thursday.