IMO this is completely "based". Delivering customer values and making money off of it is own thing, and software companies collectively being a social club and an place for R&D is another - technically a complete tangent to it. It doesn't always matter how sausages came to be on the served plate. It might be the Costco special that CEO got last week and dumped into the pot. It's none of your business to make sure that doesn't happen. The customer knows. It's consensual. Well maybe not. But none of your business. Literally.
The field of software engineering might be doomed if everyone worked like this user and replaced programmers with machines, or not, but those are sort of above his paygrade. AI destroying the symbiotic relationship between IT companies and its internal social clubs is a societal issue, more macro-scale issues than internal regulation mechanisms of free market economies are expected to solve.
I guess my point is, I don't know this guy or his company is real or not, but it passes my BS detector and I know for the fact that a real medium sized company CEOs are like this. This is technically what everyone should aspire to be. If you think that's morally wrong and completely utterly wrong, congratulations for your first job.