The lesson was that sometimes the interviewee can be more competent than the interviewer and they should run.
And, I think that's what causes the slow demise of corporations: the "hire dumb" is much easier. It's hard to get a read on intelligence/competence/skill if you're less of any of those, so, on average, orgs do get dumber. What's the best shield against stupidity? Bureaucracy! :D
But this is connected to another thread on HN about engineer/manager titles and how they basically have no value if you try to compare them between employers.