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Priviledge Accounts Best Practices

My boss thinks it's a great idea to give all of our Network and Server support staff administrator privileges.  I'm trying to change his mind and I'm trying to find a "Best Practices" document that would help me justify why that's a bad idea. Or maybe you can persuade me why it is a good idea. My view is that the more admins you have the increase in mistakes and may cause lengthier downtime.  Does anyone know if there's a document that goes over it?

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