Even worse, many manager-types tend to be hands-off when everything is going well but are quick to seize upon failures or shortcomings as they come up. This has the unfortunate side effect of encouraging employees to keep a low profile and not pursue anything risky or innovative. As innovation goes out the window, the company stagnates.
I've had too many managers go this route, which is why I always make a point to stop by coworkers' cubicles and thank them for their help or work on different projects.