This might work, but it also guarantees you will be first on the chopping block when layoffs come around. I have seen this happen first-hand multiple times: any employee with a special arrangement that doesn't meet what the executive team desires will be let go at the first chance, even if they are a huge asset to the company.
Not to say you shouldn't try that approach. Just that you'll have less job stability.
Not to say you shouldn't try that approach. Just that you'll have less job stability.