I have flex time.
They don't come right out and say it, but we can pretty much make our own schedule as long as the projects get done and the hours get put in, and they're pretty flexible on the hours.
For example there's a guy that works 10-12 hour days, Wednesdays from home over VPN and takes every friday off. He's a programmer though, so he doesn't really have to be in the office much.
I have a lot of meetings, and support duties, many of which I can carry out over VPN, but being in the office makes me available to give mgmt warm and fuzzies. One thing I totally use flex time for is to avoid rush hour, that's pretty nice.