[wageslaving]

All I can see are the economics of it. If he was paying his engineers $600,000 / yr in compensation for all the overtime they're working, I would have no trouble with the arrangement.

However, software engineers rarely get any form of compensation for extra hours work outside of small vanity bonuses. This is just someone looking to take advantage of the fact they can get free labor out of their employees by "encouraging" them to work an extra 30 to 40 hours a week.