I think the root cause of why managers reward flashy employees over useful ones is because managers are clueless about the work itself. The more a manager understands the work, on a micro level, the more they'll be able to judge it accurately. Note that it doesn't mean micromanagement: you must understand the details, but stop yourself from second-guessing the employees on these details. And it doesn't mean you can't delegate: as long as you have intimate understanding of the details, you're free to delegate and be as hands-off as you want. In fact the best way to delegate is to learn to do the thing well yourself, then delegate it to someone and do occasional spot checks on them.
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