This isn't entirely true for many projects. Developer management doesn't get angry if you over-estimate your work, sure, especially in a dysfunctional company where the development team doesn't care about the business side. Everybody who interacts with the outside world, though, and might need things done to beat competition or have releases available for key events get extremely angry when told to put off their big announcements, and then find out that their original deadline would have worked. Or worse, it means that projects get cancelled, because yours will take too long to help the overall strategy.
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This isn't entirely true for many projects. Developer management doesn't get angry if you over-estimate your work, sure, especially in a dysfunctional company where the development team doesn't care about the business side. Everybody who interacts with the outside world, though, and might need things done to beat competition or have releases available for key events get extremely angry when told to put off their big announcements, and then find out that their original deadline would have worked. Or worse, it means that projects get cancelled, because yours will take too long to help the overall strategy.