This is the simple version of the explicit model I have in my head at work now: I have two currencies, Dollars and Status. Every decision I make likely has some impact both in terms of our company's results (Dollars) and also in terms of how I and others will be perceived (Status). The cost in Status to make any given decision is a reducing function of current Status. My long term goal is to maximize Dollars. However, often the correct way to maximize Dollars in the long term is to sacrifice Dollars for Status, bank the Status and use it to make better decisions later.

I think this type of thing should be common. Status is a resource that is used to acquire what you want, so in my mind there's no shame in going after it.