The position of conjunction ‘BUT’

The passage below comes from “Inside the Box By David S. Cohen.”
In this paragraph the position of the underlined conjunction ‘but’ seems to be a bit odd. I’m not saying it’s completely wrong. But if I were the author I would put ‘but’ in front of ‘As’ in the antecedent sentence.

The reason of posing this question is that ‘But’ is more suitable in that position because the predicate of the second sentence, ‘worries about developing relationships’ contrasts with ‘is defined very dogmatically in terms of rules and regulations’ of the first sentence.

Can you give me your idea to get me out of this trouble?

http://books.google.co.kr/books?id=fIixc6IOi4QC&printsec=frontcover&dq=Inside+the+Box:+With+Corporate+Values+to+Drive+Sustained+Business+...&hl=en&sa=X&ei=5cvdU-L6N5Hk8AX22IHABA&redir_esc=y#v=snippet&q=%22right%20and%20wrong%20is%20defined%20very%22&f=false

Early on, what is right and wrong is defined very dogmatically in terms of rules and regulations. As attachment to the group becomes more socially powerful, the employee worries about developing relationships, conforming and maintaining good social order by showing respect to authority. But as the employee internalizes and understands the values of the organization innately, he develops a sense of rightness that doesn’t require rules, restrictions or social approval. Instead, the rightness rings true because it sets up a resonance.