bigmouth strikes again

I walked up to the president of the company today a told him that I didn't want to hear derogatory or racial comments used within earshot of my desk ever again (after overhearing him make just such a comment for the umpteenth time). He told me he respects my opinion on the matter, I said thank-you and told him I couldn't tolerate his.
It was either tell off the boss man or walk out and never look back...