[TeMPOraL]

But surely you experienced the fact that being paid a salary is a matter of contract, while being evaluated (formally and informally) for productivity is not independent of time. The company may find it valuable on the net to waste your time with distractions and bad process, but your manager may not know it and think you're just lazy.

[erikerikson]

I have certainly experienced management that took many actions which reduced productivity.

I think the biggest blind spot is management's negative emotional externalities which cost far more than anything else. Many of us got into this because we love it, let's us sincerely do our job well, please!