Some people are happy taking a 32% pay cut in exchange for not needing to wear a suit or attend pointless meetings. The behavior you describe sounds like that

Some people are happy taking a 32% pay cut in exchange for not needing to wear a suit or attend pointless meetings. The behavior you describe sounds like that of a good team lead/manager. Praising their team members for their efforts and drawing attention to successes and progress. It's a solid path for advancement up the corporate ladder, but it's not for everyone.