The only thing surprising to me about this is to hear that this founder apparently had noble intentions at the start. I just assumed that every company that do

The only thing surprising to me about this is to hear that this founder apparently had noble intentions at the start. I just assumed that every company that does this is cynically inducing more (short-term) work out of their employees while clearing some liabilities from the books, all at the cost of long-term success and morale. I would never work for a company with one of these "unlimited" vacation policies.