there was no company manager on my tour. She had cancer and had to stay behind. she worked on all her duties from home/ theatre. I have encountered several tours throughout my career that do not tour with company management. It seems to depend on the contract and the company size. we had a group of 12 including td, elex and sound. SO it was small and easily handled.
I agree with the pay stub comment, IF I had been asked to hand out an actual check I would have said no, I don't want that responsibility, a stub is a different matter for me. We set our own limits I guess, and lord knows you could put 5 people in a room to interpret 1 equity rule from the book and get 12 answers and then if you call for clarification you'll get 3 answers.