You are correct, he was undoubtedly making such a reference.
Typically the moral of that story is that sometimes, even though it may
seem foolish, perhaps even dangerous or suicidal, to point out that
something is wrong, it's nonetheless the right thing to do.
Unfortunately we see this far too often in business, and particularly
in IT --- charlatans come in and tell us they have magic cloth from
which they have woven fine raiments in which we can dress up our
organization and prance about before our adoring users and customers.
Far too often our own management won't listen to the "children" among
us (those who are near the bottom of the org. charts). Consequently
we see horrible boondoggles perpetrated upon our employers.
(I'd give a particular example of my own devising -- but I don't feel
like getting sued by some megacorp that's commonly known by a pair