[marrs]

Yep, that pretty accurately describes where I once worked. But I don't think this is a bad thing from the perspective of the board of directors, only for the likes of you and me.

Remember, the goal is to spend as little money as possible developing a product/service and then sell out in 5 years. So you want to hire inexperienced but talented drones who will do as they're told and give you value for money (i.e. work their evenings and weekends for free). Anyone with the sense to push back on that needs to be cut loose fast.