I worked at a small startup-ish company like this: No bug tracking, no source control, no dedicated build machines (builds were published off of a random engineer's laptop, based on whatever code he had on it currently), no tests, no documentation. None of these were seen as important by the CEO (he was not a software guy). He just wanted engineers cramming features all day. When you started talking to him about development process, toolchains, infrastructure, best practices, his eyes would glaze over and ask how this helps him deal with his 5 screaming customers right now.

The CEO definitely felt he needed to be involved with these practices, to forbid them.