I respect your opinion but I find this strategy very strange. (Or maybe I don't exactly understand what you're saying.)
In my view, it would be a dream scenario if the next 10 programmers I hire were all superior to me. If I was the worst programmer on the team, that would be an ideal outcome. Yes, I've been programming for 30+ years but I'm also self-aware of my limitations. This gives me the ability to recognize better programmers and learn from them. If I'm not hiring interns, I do expect (or at least hope) that they are better than me.
Am I competent enough to write a "do/while" loop and knock out FizzBuzz in 5 minutes?!? Sure, but that doesn't mean there aren't better programmers than me. I would consider it a great business skill if I'm able to consistently attract superior programmers -- either to work with me or for me.
Larry Page attracted programmers better than him (e.g. Jeff Dean). Yes, Larry earned a masters degree in computer science but his java programming (the rudimentary 1996 crawler) wasn't considered very good. His employees rewrote the whole thing in C++ and made it scale for billions of pages. Bill Gates hired superior programmers. Mark Zuckerberg hired superior programmers. Etc. etc.