i'd bet that isn't his policy, he's just the mouthpiece.
but that's just like, my opinion, man.
but that's just like, my opinion, man.
And while I may be biased by being a decade older, "mid-forties" doesn't seem old for a senior manager.
In any case, unless someone is truly wealthy, you can't say "Oh well they don't care about their job because they are rich", because they need that job, and if they are a poor manager, they'll lose that job.
my point stands, and i'm doubling down on it. go check out the rest of america and the world, and you might see what i mean.
A small to mid sized startup manager is not (usually) rich enough to not need his job or care about job performance.