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Not much else needs to be said tbh. Fuck Spez.
Edit: Not sure why imgur marked the album as NSFW, but there's nothing NSFW in it other than the name of one of the mods including the word "bitch"
Not unless the one mod account is a managed account that is shared among multiple individuals.
For a big company, the one mod account could be just a placeholder and then the account is forwarded to cheap tech workers in India or Pakistan that use the account in blocks of hours every day. The one account could literally work round the clock 24 hours a day forever as it gets passed around between six or eight people. If you had eight people working on it round the clock, they would all be working on it at three hour increments each. Which makes it manageable for one person to focus their energy and do some sort of quality work. And because they are cheap labor, they don't have to be in different time zones, you just force them to work at any and all hours of the day.
So instead of showing the community that you hired 20, 30 or 40 cheap tech workers to act as mods for pennies, it just appears as one two or three professional mods that magically seem to be capable of doing the work of multiple people.