Senior Management, I work all the time and none of time.
I'll add a little more detail. I am a public face for a very large organization. I speak to news agencies, reporters, I write copy, handle crises and am generally involved in the public perception of the company I work for. I am expected to be available 24/7, and even on vacation, able to take calls and make decisions that could impact millions of dollars. For this I am compensated fairly.
Daily operations I try to remain out of as much as possible. However, I am responsible for two separate departments, both marketing and development, so I'm often down in the dirt on those either directing copywriting or writing it myself, or guiding business analysts on doing good requirements documentation.
Overall though, my day is mostly spent researching and strategizing - which often comes across as doing nothing.