That describes the old-fashioned company that I worked for. They are only a bit over 100 years old, but they are cheap bastards. I learned how to work quite frugally, under them.
I've always hated startups where I've worked, that burn through HUGE sums of money (per-profitablilty) on expensive coffee/snacks/foosball tables. I feel like proverbial old man (The Simpsons) shouting at the clouds: "You know that fancy coffee you're drinking? it's future diluted equity!"
Of course, maybe there are ranges of being "cheap bastards". :)
From what I hear, most places that have foosball tables, have about an inch of dust, on said table, because they have all their employees burning out their eyeballs.