My observation has been that smart people don't want this anymore, at least not within the context of an organization. If you give your employees this freedom, many will take advantage of it and do nothing.
Those that are productive, the smartest who thrive in radical freedom and autonomy, instead choose to work independently. After all, why wouldn't they? If they're putting in the innovation the equity is worth way more than a paycheck.
Unfortunately, that means innovation that requires a Bell Labs isn't as common. Fortunately, one person now can accomplish way more than a 1960's engineer could and the frontier of innovation is much broader than it used to be.
I used to agree with the article's thesis but it's been nearly impossible to hire anyone who wants that freedom and autonomy (if you disagree, <username>@gmail.com). I think it's because those people have outgrown the need for an organization.