General Motors

Great compensation keeps people around for long careers. Lots of potential, a huge market of captive consumers begging them for new products.

GM is plagued by too much mid-management, creating fiefdoms and uncooperative behaviors. The executive-level management has vision but can't seem to carry it out and decommits too early. Their products are middling and poorly conceived, with lots of obvious mistakes making it through production.

GM needs a complete reboot (unfortunately the bankruptcy didn't achieve enough). The culture is poisoned, and despite layoffs and early retirement offers, there are still far too many people getting in the way rather than adding to the cause.