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I have something similar to all the stories here. I work as the controller/IT Manager at a company called CTI in Canada (Only around 3 million in sales annually). The President is very "touchy-Feely" when it comes to the accounting aspect of the company, even though he has NO idea what a debit is... >:| He claims that he keeps his fingers on the "pulse" of the business, but he's almost clueless when it comes to being an effective manager.

But, so comes the territory I guess. I find that be slowly taking little pieces of the pie away, it actually makes working here much easier.