I am a big fan of how Basecamp is run as a company, and of the work environment they create for their employees. (Or at least seem to. I don't have first-hand experience.)
You can get a sense of their philosophy by reading what the company's cofounders have written on the subject . They've even written a book about it.
You may not buy it, and that is absolutely fine.
If you do however, and if you've ever worked at a company that works similarly, can you post about it here?