This is, obviously, spurred by the collapsing Dedicated Micros race car driving CEO.
That said, I have seen this problem directly.
When I was an integrator, the owner was big into surfing and boating. There were many problems but one that really highlighted it was when he decided to park his boat in the warehouse. So I told him he had to move it. He was genuinely surprised, responding that he had nowhere else to put the boat (for whatever reason that I forget now).
He was a nice guy but struggled to understand (1) the operational disruption (and probable OSHA violation) of having a boat in the middle of the warehouse plus (2) the cultural / motivational problem of having the poorly paid hourly techs having to navigate around the rich guy's boat.
Anyone have any experiences like that? Do you see CEO bringing their hobbies into work?