Mismanagement, disorganization and lack of direction.
Pros
Since the intelligence level of most managers is well below industry standards, it's easy to stand out. The equipment is modern and the facilities are top-notch.
Cons
There are a core group of managers / decision makers that have been with the company since its inception. If you are not one of those individuals, you are considered an outsider and ostracized. Executive management are used to being the "big fish in a small pond" - but they have no concept of industry best-practices; or, methods of operations inherently different than what exists in their limited world. Most (existing) mangers are small-minded and myopic. The CEO is not involved and trusts the COO to manage the day-to-day operations. Unfortunately, the COO is not very bright and is almost as neat as she thinks she is. Her ego and lack of real world experience are the primary causes of this company's dysfunction. Benefits are extraordinarily expensive.