>Who have no experience of the reality of working long hours themselves?

The vast, vast majority of investors are nepo babies that inherited dad's company and his trust fund. The rest of them that may have worked have deluded themselves into thinking it was because of their "hard work" they got there

So uh, yeah, they're dumbasses. But even then: they don't care that long hours have no significant benefit: the people that will accept 996 will do it for the same salary as someone doing a 9-5. Don't anthropomophize investors, they never see people, they see numbers.