The point may be that many (if they're truly senior, not someone with 3-5 years in the industry) will not have used these theories in 10+ years. The real-world application is questionable.
I mean, why did you even go to college if you intended to just forget everything afterwards instead of learning the things properly for life? I'd rather not hire people who just do the work necessary to pass and get the degree and don't want to learn more.