bingo. hiring is expensive, onboarding is expensive, offboarding is annoying and has non-trivial-risk, and dragging it out means work isn't get done in that position.
unless you're looking at VP and up level roles where there may be a significant delta in risk, cost, and pay it's probably not worth it.
And if you’re hiring a VP who isn’t able to see through the tactic… do you even want that?