When I first landed there they had an excellent family oriented culture. Over the years as the senior management became more confident in the boards backing they became more ambitious, they tried to maintain that culture but undercut most of the programs that made it that way.
Being a privately held company that for years invested in a very incestuous hiring practices, they had the ultimate environmental in breeding. People were promoted that had no experience in the positions they were given. Often promoted well above their skill and education level, they tended to treat some people more "fair" than others. As a consequence they weren't seen as rewarding employees for exceptional work.