I just got a 20% raise to go with a promotion. I wished I had an opportunity to negotiate a 20% reduction in working hours instead- perhaps even along with a slight reduction in pay.
Did/have you asked? I know a handful of people who have asked and successfully accomplished this. I know a lot more people who wish they could but don't want to ask for fear of being seen as a low performer or something.
Um, actually no I didn't think to ask. That's a good point. I'm traveling to meet my distributed team next month, maybe I'll delicately broach the subject.