It's just lip service. The impression I get from reading Hacker News is that practically no SV company has anything resembling a work-life balance. And the "choose your own vacation time" companies are in reality anything but. It's completely disingenious.
PS-- I'm on the road every Mon thru Thursday and pretty much live in a hotel. I didn't relate to this pierce. It's. Rey possible, then, I don't have the skills to be a CEO.