[52-6F-62]

Yes and no, I think. Like some other commenters implied, I think it's short sighted. The outcome of working employees like that can end up being of lower quality, so the product suffers, and loses market traction.

I've been witness to this first-hand. Of course, it's only anecdotal, but just the same it's informed my opinions.

Though you're right about your last point absolutely— it's often pretty safe to assume they're (especially larger companies) operating under the pretense we're both referring to.