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A financial company asks its executives to take a pay cut so that lay off can be avoided. Imagine that. Imagine a management who puts the interest of the employees ahead of their own. Well keep imagining because this is not an American company.
The Malden Mills Co. in Massachusetts (owners of the patent on "Polar Fleece”) had a devastating fire a dozen years ago. The owner insisted the employees be paid until the production was resumed. Eventually the financiers took over control of the company and threw the original owner out for his "bad management". Malden Mills so is still in operation in a completely new factory.
This is a prime example of the adage that “a good deed never goes unpunished”.
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