We have a lot of meetings so he encourages we do basically whatever it takes to keep meetings timeboxed.
I once was in an incident call where one of the execs was brought in and eventually said "We have 20 people in this call who all have good salaries. It will cost $600 to just inform our customer service agents to take care of this. Let's get out of here"
Management has to push that culture downwards, and reinforce it themselves, and continually encourage it as people join and leave and teams change.
Even more points when a participant speaks up at the very beginning, to announce, “I’ve got a hard-stop at 9:50, so I’ll need to leave at that point no matter what.” Then the responsibility for wrap-up is placed squarely on leadership.
Unfortunately I’ve also found that a poorly-run meeting won't get around to the wrap-up on time, and so leaving early may only hurt that participant, by missing something important.
Quite often I'd have to sit thru meetings that 99% of the time I'm not needed but for one specific minute I keep someone else from making an expensive time wasting mistake. It can be very difficult to determine what you're actually needed for in IT/Operations stuff.
If the meeting fails to accomplish its objectives in 50 minutes, then participants may excuse themselves with a clear conscience, but they may find themselves less-informed than coworkers who chose to stay for the entire session. Especially if there is "Q&A" for clarifications at the end of it.
The meeting itself might continue, but as an individual, once the meeting passes the scheduled finish time, you stand up and say "sorry, I've got another meeting to get to". The worse your company's excessive meeting culture is, the better this works.