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OCR: 38 See's Candies, Inc., supra, 171 Cal. Rptr. 917: Foley U. Inter- active Data Corp. supra, 765 2d 387. 388) However, just as Section 563 .39 reflects concern that appropriate man- agerial discretion be reserved for savings and loan employers, does California law: Essentially. [the terrs "just cause" and poot, cause" for dismissal] connote fair and honest cause reason, regulated by good faith on the part the party exercising the power Care must be taker. however not interfere with the legitimate exercise managerial discre tion Pugh, supra, 171 Cal, Rptr. at 928 (internal quotation marks and citations omitted) FDIC's suggestion that "standard preemption princi- ples {FDIC 32 PnoM bar the application of Califor- nia aw on implied employ ment contracts simply wrong The federal regul lations d ...