Doesn't sound like a great company to work for. Insane production targets coupled with 'by the way we're examining all costs under a microscope'.
The part about the midnight oil doesn't even make sense and seems to celebrate excessively hard work which I can't believe is a good thing - the studies I've seen seem to point to anything more than a 7 hour day being counter-productive.
Additionally some of the things he has written seem to smack of inexperience. Yeah hierarchies can be annoying but presumably they are there to serve a purpose (after all he set it up!).
Can't disagree with what he says about meetings though!