LES defines old school boys club. Stay in line, keep your head down and maintain the status quo. Do not challenge leadership. If you come from a financial or government institution you will be familiar with the culture here. Arrive on time, leave on time. Don't worry about productivity. Makes for poor work life balance if your kids are sick or involved in activities.
As other reviewers have said management decisions are made based on rumor rather than performance. Rumor dominates because the company is overstaffed so people have a lot of time to gossip. Management is bored so they participate in the gossip and actively seek it out because they don't know how to measure performance. It is better to look good than to be good.
New ideas and thoughts are viewed with a high amount of skepticism. If you think different avoid LES. There is no vision or strategy other than maintaining the status quo.