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Many teams has higher standard than the company bar though, the company bar is the lowest possible level anyone is allowed to be hired at not some decent average. In theory a bar raiser should ensure the candidate is better than 50% of those in similar roles, but that obviously can't be true after all these years, the bad 50% has all gotten hired via the same process.

You seem to assume totally objective performance management

No.

Managers generally overrule other's opinions by giving promise of personally "coaching" the new hire to make them meet the bar.

In most cases such people are put on a plan, ironically called "Coaching Plan" itself, and thereafter fired.

URA quota is an open secret at Amazon, and some employee appreciate the practice of hire to fire, as it saves their own employment.

That in turn ensures that objection to bad hire, who is going to be "coached" is non existent.

Darwinian