Cisco

Fantastic technology, great products, and the ability to work with the very leading edge.

Excellent leadership at the top always gave employees the impression that they really knew where they were taking the company and that they had a reason for doing so.

High gross margins on products meant that they were able to dedicate significant resources toward R&D and doing product development right.

The most ethical company I have been associated with.

Also, pay was good.

As it turned into a larger company, it has suffered from "large company disease" – specifically, lots of bureaucracy and hundreds of little fiefdoms competing with each other, not always to the benefit of the company.

There are about three times as many vice presidents working for the company as they need.