Also I had no problem with failure as long as it was a good failure.

This one is a big one for me as an employee. I’m way less stressed when I know I’m not responsible for a project failing. As long as I’m putting in my best effort, missing a deadline is just not my problem. A good manager will be aware of requirements and deadlines, and work to prioritize the most important pieces so that everyone’s making the best use of their time. If the employees themselves are second guessing their work, stuff is going to get done slower.