Substantial raises and promotions were extremely hard to come by (unless you call a 2% raise after a year's worth of 50-60 hour weeks of hard work "substantial"). One could work their tail off for a year under the false premise of a forth-coming promotion for the next year (installed 4 MONTHS after start of Q1), only to be told in Q4 that management had decided to change course and not provide the promotion that had been all but promised.
I saw repeat examples of management failing to coach ineffective employees, failing to let go and replace folks who were destroying their respective departments, and other managers who harbored significant favoritism within departments--providing growth opportunities to some who scantily deserved them, while denying those same opportunities to others who truly did deserve them.
I witnessed managers committing basic HR errors such as promoting sexist attitudes and discussing religion and personal issues during the course of a business meetings, and not being held accountable after HR department was notified.