What Happens When Companies Give Workers Unlimited Vacation Time?

As the 15 employees of the SmallBox Web marketing agency gathered for their Christmas party last year, CEO Jeb Banner stood up and read a proclamation.

"We now declare all SmallBox employees to be free," Banner intoned. "Free to come to work when you want for however long you want. Free to take as much vacation time as you need for whatever reason. Free to work and live the way you want to."