1. How many of us have lost productivity because some other developer ran rough-shod through code caring not for maintainability, readability, or even extensibility? Which one was praised and which one rewarded? Doesn't apply to teachers? Ever have a dud who couldn't do simple math in charge of the algebra class? Guess what the next teacher has to deal with.
2. How do "normal" people in managerial roles judge competency between two people in such roles? When looking at our own industry we see how difficult it is for "normal" people to make those sorts of judgement calls. Some schools require only 2 years teaching experience before moving on to superintendent roles. Some states more. With such divergence what can we expect?
3. How will we measure such excellence? What metric? What new system will evolve to capitalize on this metric despite the spirit of the metric? Unintended consequences?