[Zababa]

True, this approach will cause false negatives. But from what I understand, most people in interviewing prefer false negatives to false positives.

[b20000]

Sure, they can go right ahead and keep preferring to pass on exceptional people and hire mediocre people instead who will entertain their circus. Sooner or later they'll find out that won't work so well to stay competitive.

[Zababa]

> keep preferring to pass on exceptional people and hire mediocre people instead who will entertain their circus

That's what big companies are all about, there's really nothing new to see here. It seem to be working well for most of them though.