Having been in the game now for over six months, I've had a chance to talk to several fellow CEOs about their style and leadership preferences. There seems to be lots of variation across the board, but I think that it really boils down to two types of CEOs in game.
The first type of CEO is the kind that is a great leader from the front. He goes out in his Armageddon or Brutix or Raven night after night leading fleets to glory, or grabs his Retriever and sits in a belt strip mining it to dust, cracking open a cold one and chatting with his guys about his favorite sports team or the latest changes made to the game. These are CEOs that I term as the "lead by example" leaders - men and women who are in the frey with their troops and get down and dirty every night, no execptions.
The second type of CEO is the kind that is a great coordinator and planner. This is the guy who has everything organized for his corporation - operations are planned in advance, everyone knows what they're doing and how they're doing it, and he takes care of all the paperwork to make it happen. Most nights he's on handling spreadsheets to make sure the corp stays in the black, and on rare occasions he actually manages to get out and fleet up with his guys, but this is infrequent and more time is spent handling the minutiae than anything else.
Each side has it's advantages and drawbacks. Leading from the front makes you more acutely aware of what goes on with your troops, but means that the paperwork stacks and piles up. Coordinating and planning takes care of the pesky paperwork but leaves your troops wondering if you're not secretly a machine in disguise.
There's nothing wrong with picking one style and running with it, but there are two ways to avoid falling into one or another. The first way is to take a hybrid approach and combine the two. Work with your guys a few nights a week and spend the rest of the time handling paperwork. This is the most practical approach but requires a fair amount of personal balancing The second way is to have one of your trusted lieutenants handle the paperwork or handle the time with the guys. This approach has some advantages, particularly if you lead from the front, but you can be left feeling left out of either end - if someone does your paperwork for you it may not be done to your specifications, and if someone is out with your troops all the time you may risk being replaced.
There are undoubtedly other ways to approach it but most styles involve one of these two methods at it's core.