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I'm torn on this. On the one hand, I think an owner should have the right to do whatever the **** he wants, since--well--he's the owner. On the other hand, if he's a moron, I can also see why no one would want to work under those conditions. In a smaller scale this also applies to the GM/coach relationship; as a Patriots fan, I remember one of the reasons Parcells jumped ship to the Jets was because of his lack of control of personnel (he famously said, basically, "If they want you to cook the dinner you should be allowed to buy the groceries"). It's hard for an employee (the coach) to tell his employer (the guy who pays your salary AND owns the company), "Hey, you're a ****ing moron, mind your own business."
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