I don't believe him. I'm sure forcing people to work more hours would be even sweeter for him.
Onboarding time and brain drain when someone leaves are real problems for companies. Burning people out in a few years is just not efficient.
I also don't think people can be productive for that long, for me personally the limit is at about 36 hours in 5 days.
And why would you let a single person work for 60 hours when you could easily spread that work over multiple people? I assume ABC is large enough to do that?