(At least, it's supposed to be. You do get weird inversions from time to time, when a weak manager is put in charge of a domineering empire-builder, but it's rare - and even in that case, the rest of the org can see the anomaly - as they have a frame of reference to measure it against.)
"Humans are complicated" => that is my uncertainty caveat. We're not absolute-hierarchical nor absolute-flat, in much the same way as we're neither exactly chimp-like nor gorilla-like in terms of monogamy. My observation though (and hardly an original one) is that when we build organisations which try to deny hierarchy, it has a habit of sneaking in thru the back door.