I would maybe commiserate with your coworker and look for another job; I would not work for such a person. I don't know the whole circumstances ("why" did the boss flatten the tire, what was the argument or situation?) but if the boss would do that to one person I'd be thinking they might do it to me. I would not want to work around that sort of situation.
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"Never give a sword to a man who can't dance." ~Confucius
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