I worked on Wallstreet for 5 years and this is the exact same attitude reserved for Goldman Sachs types, and that pervades Wallstreet in general.
But do you know how most people get into GS? Because GS says, "I like the school on your resume and the friends you keep."
But do you know how most people get to go to that school and make those friends? Their parents. Their parents move to Westchester, living next to other well-to-dos, and then send their kids off to exclusive colleges and grad, very often on the basis of letters of recommendation from neighbors.
Yes, many of these students will be smart and well educated. But they have almost without exception bought into and willing, consciously or not, to perpetuate the system that provided them their privileged place in our society.
This the polar opposite of what Silicone Valley was supposed to be. But it's not turning out that way. Sadly.