[vcherubini]

I think you're exactly correct, and "unlimited vacation" is almost always better for the company than the employee.

Here's a great essay on the ills of a policy like this: http://jacobian.org/writing/unlimited-vacation/

One of the main issues it that the US is one of the few (maybe only?) industrialized nation that doesn't require companies to offer PTO: http://en.wikipedia.org/wiki/List_of_statutory_minimum_emplo...