If they trust you to prioritize your own task list, or at least cooperatively list it, its kinda fun and relaxing. "That task is boring" = "Uh, well, there's just no time sorry".
On the other hand, If someone who only works "X/2 hours per day when he's not golfing" is micromanaging your every move and monday morning quarterbacking everything you did during the twice a week on average emergency at 2am while you were drunk (oddly enough, same employer, although a dramatically inferior manager), despite not having a technical background or any technical skills at all, and then complains you get into work five minutes late after being up all night while supposedly on salary, then that's not so good. I quit a job like that twice in my past.