General Electric

You don't see a lot of mass firings in the engineering department. They are happy to put you in a position to do a job that you may not be considered for in another company because of lack of experience or qualifications.

Free parking, coffee, and occasional lunches.

Like others have said, they have trouble getting rid of dead weight and difficulty motivating top talent to stay.

It's very much a sit down and shut up environment. Feedback is not encouraged.

Everything is political. It requires a policy and procedure for everything. It is common to see people thrown under the bus.

Getting basic tools to do your job is impossible. There's lots of lip service to software development methodologies in use, etc., but no execution to back it up. Turnover is high.

If you want to attract the best and the brightest, you need to create an environment that encourages it. When I was recruited into the company, the HR person told me about how GE looked for people who can connect the dots, etc. The culture actively discourages this kind of thinking, and many of your hires have trouble doing this. Ditch the ceremony, get to the essence, and give your people the tools they need to do their job. If people are not able to perform after you have given them the tools and environment, you need to remove them from the team.