Have you noticed that leaders who act like laid back, drunk and act like dictator tend to rub on their employees such that business also suffer? I have seen this behavior in many hotels, shops and the business. It's like your attitude reflects on people around you and if you are leading by example. The people also imitate the same in the same zone. There is a reason why they say you should set an example before people who you lead. Have you noticed this sort of behavior among leadership vs employee behavior?
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A simple lesson for any senior in any company is to look after the staff. It is a known fact that employees often leave because of the relationship with the person directly above them in their vertical so it is an issue that affects all levels of the business