An engineer that is great in a startup ("hacker", "moves fast and breaks things") may be pretty bad in a well-established product that just needs maintenance. And the opposite is also true - a very thoughtful engineer that takes time to create thoughtful, simple & extensible designs may just move too slow when the idea was bad to begin with, and just needed to be invalidated. Also - who is "great", a generalist or a specialist? Depends a lot on what you need...
It is true that some engineers are simply better than others (I'll take Peter Norvig any day over someone who fails at fizzbuzz, regardless of the context/problem that needs being solved) - but it is also equally true that people need the right context to really shine. E.g. I bet Peter Norvig would't have done his best work working for, say, Accenture.
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