Pros
Eastman still retains some great long term employees. However several successive rounds of layoffs and voluntary separation packages have greatly damaged the culture and tribal knowledge. Being a company in a rural town, many employees are proud of their family's tenure with Eastman. Being backwards integrated brings many advantages.
Cons
The current CEO has prioritized a project that is sucking resources from other businesses to subsidize it's takeoff. The priority has become short term financial results that run counter to our stated long term strategy to meet the quarterly target and externally we wordsmith a positive story about the pet project to give the impression we are making progress. Internally, the executive leadership attempts to misrepresent our company performance as on par or better than our peers by changing which peers and which metrics it compares us against each year. The Board which elected our CEO is still made up of most of the same people who seem unwilling to hold our leadership accountable. Finally, the worst sin is that the CEO is willing to accept $20,000,000 a year in total compensation while cutting more than 10% of the workforce and reducing and even completely eliminating their bonuses.