What is the point of IDPs if your boss is the only one who looks at them? If your boss doesn't care, then it's just a waste of time. Especially if he only cares about himself. They make it sound like your IDPs will actually help your career.
The people getting promoted now are mainly talkers, not the doers.
The company is going to lose good talent if they don't start recognizing the right people. This will cause the company to lose money over the long term.