Plenty of people have realized that and played the visibility/politics game. Especially in the last decade where tech has tried to be more inclusive and less about hard metrics. Now the narrative is the key component of your performance review. It's vibes all the way essentially
Then you introduce a layer of line managers that are blurring the signal even more, to the point where the narrative about someone is way more powerful than facts. Their whole job is to play politics and pushing a narrative to other managers/ICs during 1:1s.