Of course, a manager who does that effectively is also doing their job as a manager well. One reason I will always refuse to become a supervisor is that being a good manager (i.e. nice and reasonable to work for) and being a good manager (i.e. extracting the maximum surplus value out of each worker) are often directly in conflict, as this article shows.
ETA: In fact, I can think of a manager just like this at an employer I recently left. Individual meetings were a tool to push each of us to the limit, try to pit us against each other, &c. Employees hate this boss, but management loves them!