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Nope. This is entirely second-hand information, but what I took away from it is that the salary isn't high enough for someone with the experience / abilities they want to put up with their shit.
I'm a lazy git, personally, so any of these "work yourself to the bone for a few years" things have never appealed to me anyway, no matter the salary. In that context, the dinners thing is a huge red flag for me.
SwissChap
Do you know how much the salary is?