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Programmers promote themselves by moving to a new job at a new company. It's that simple.
Not really. Most programmers hate interviewing for new jobs.
Its not the interviews they are hating. It's the unexpected troubles which are waiting: the new manager who will cause more troubles, the infrastructure blocking from doing actual work, the commuting troubles. Only if the current troubles do become overwhelming and no improvements are in sight and the jerks are getting power over the rationalists, the developer will move on.
Great view would love to see some implementations of this. Though, i still believe it should be some kind of a mix of objective(good for scale) as well as subjective evaluation, because objective evaluation is as good as the questions posed and fails when the competition is stiff. e.g., people getting same marks.