In the company I work for the CEO does quite a lot of work, in the previous company the owners were there when I came in the morning and still there when I left home, writing code like me but also meeting customers, doing acquisition, finding out why the cleaning company didn't send anyone that week, etc.
If being "a boss" is so easy, I don't understand why don't everyone here just go freelance, hire people and start browsing for Ferraris.