It is sad when talented people leave an organisation purely because they are disillusioned with their boss, as opposed to now looking to be challenged in a new environment. It's a push factor, not a pull factor! Reality is, bad managers are everywhere and not limited to your current employer. If you don't learn to deal with them now, when will you learn to deal with them? There is no guarantee the next one will be better.
If you work for an organisation that you feel first and foremost is bigger than any one individual, including your boss, would that make your decision outcome different? Your loyalty should be to the business, and that is the purpose to serve. Your loyalty should not be to the personality of your boss. Often leaders lose sight of their objectivity as their objectives are self serving rather than serving the business. That does not make the organisation bad, it makes the person a bad leader.
So when you wake up in the morning, and you work those late hours, who is it that you are out there to serve?

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