[engineerDave]

If the thought is you work fewer hours so now I can cut your pay, then I think realistic the answer is hell no. Unless I'm already checked out from stock options or something, a senior engineer's pay is more related to their knowledge than for their time. A senior engineer can save you way more money just by keeping you from doing things than you'll make from a more junior dev working more hours in their place. I'd bet for most senior programmers, if you just cut their meetings out of the equation, you're going to find out they are already working part time.