Cisco

Some things like pay for performance in certain BUs are true (the one I worked at least). Your bonus is a direct reflection of whether you go the extra mile or stay 10-5. For a large company, they have fantastic CAP (monetary appreciation or gift card) award programs for folks who go above and beyond (which I don't see with most employers), a well-defined RSU structure, and a much better than average 401k plan. You can work from anywhere as long as you get the work done. Your manager does not care if you don't show up at 9:00 AM. Fantastic team mates and managers!

Your base salary is low. Lately, there has been a lot of chopping and churning of the workforce non-stop. Some mandatory people movements across business units may or may not be liked by you, but you have to live with it. It's very difficult to move across to other BUs where interesting work is done. They often give huge weight to "current experience." Even for a very good performer, if you don't have the exact skill match, they are not ready to train you, and in effect, you become stale and lazy over time because the desire to move around (which can be a big motivator to stay around) gets killed. There's huge bias towards work done by spin-ins. Sometimes, they are deliberate; they don't want your product/BU to thrive irrespective of you meeting H/W release deadlines.

Please get a new board and CEO sooner than later, and stop the chopping and churning every six months.

Encourage internal innovation and make people movement within the company easier.

Stop punishing employees for spin-ins/acquisitions; they're not worth it, truly. When most of these happen, the company will be back to its good old days.