There is no direction to the company at all. What little managerial guidance is available to the working staff is either massively inconsistent or, worse, contradictory. As a result, the product cycle is so long, that new features are often either obsolete or a commodity by the time they go to market. In fact, the product offerings have become as stagnant as the stock price and the revenues.
The problem starts at the top. The CEO's management philosophy comes straight from whatever business self-help book he read last. Unfortunately, he reads several a week. Can you imagine trying to lead a global enterprise with the wisdom gleaned from "Five Frogs on a Log?" His entire resume consists of being in the right place at the right time, but not too long. This time, though, he has stayed long enough for his real abilities (or lack thereof) to surface.
Having plowed through the annual 10K filing recently, I was dismayed at the exorbitant salaries, bonuses, stock grants, stock options and directors' fees paid to the top execs while laying off talented, experienced employees. This company is ripe for a minority stockholders' lawsuit.