The innovation here, which I completely agree with is: “fund them so that they can dedicate resources to the project, and trust them to direct those resources

The innovation here, which I completely agree with is: “fund them so that they can dedicate resources to the project, and trust them to direct those resources like you'd trust a senior engineer to execute on a broadly scoped project.” The basic concept is you pay based on trust in the skill and body of work, not pay for something. Generally, I find companies are incapable of making this decisions except with 5+ year veterans. Even then, I question whether or not they are truly paying on that basis or it’s just implicit. If I’m wrong, and I would very much like to be, who are examples that take the path recommended here with their devs?