Socrates asks Theages what kind specialty is wisdom exactly, and the boy responds that it's the ability to govern men (123e).
Socrates suggests to Theages that the art he is looking for is that of the despot, tyrant (τύραννος) in the original text (124e), a word that in Ancient Greek meant autocrat rather than violent oppressor as it does today.
Theages adds that he does not wish to rule by force like some tyrants do, but by consent (126a), and Socrates, holding to his original position, suggests that someone like Pericles would be most appropriate.
Theages however replies that he has actually heard Socrates say that even Pericles could not make his student virtuous (which was truly recorded in the Protagoras dialogue (320a-b)).
Theages suggests that he could start as Socrates' student, and if the daemon appears to disagree, they could terminate his tutelage, otherwise, continue.