Earlier quoted context omitted.
Or it may be an indicator of the attitude/shortsightedness of the hiring company. From the candidate perspective, one way to assess the viability of the hiring strategy is imagine if most, or a significant number, of companies doing this. This eats significantly into each candidate's time, and edges the job seeking dynamic in favor of the companies, and against the candidate since the candidate is forced to value the…
Anyone who could not only criticize but also resist straight up killing for the opportunity to work with the only and only grayfox is an anomaly. Either you are incredibly unaware, or on the next level of talented to not recognize this. I'll give you the benefit of the doubt and assume the latter, in which case, stop posting on HN, and start writing books. People need to hear your wisdom.
(That made my day, stranger, thank you).