Well, it's conservative, for me that was a tad bit of a con, yes, it's a good ol' boys club, I can deal but come on, it's the 21st century.
They promote and give raises very very slowly, so your pay gets less competitive over time unless you complain loud and outperform everyone else. They also don't support career changes, want to change tracks? Good luck, they like to keep you where you're at.
Sometimes getting new ideas implemented requires going through a lot of office politics, especially if some senior person is pushing their idea and wants to get another pip on their collar. The politics can get nasty, and it doesn't seem to be getting any better.
They also seem to hire senior leaders based on politics and not qualifications, one director I worked under claimed to be a big shot at a former company, I asked around at that company, no one even remembered his name let alone knew what he did. Again, more politics.