IBM

Access to extremely smart industry leaders within the company.

A good focus on customer satisfaction and creating solid products and services.

Reasonable benefits.

I was with the company for 10 years and saw the culture erode significantly from high employee morale to low. The job I took after leaving IBM was a 50% improvement in compensation, and this isn't uncommon. The issue is that they've cut so much cost out of the business trying to march to their Earnings per Share roadmap that it has had a far-reaching effect on the allowable operating expenditure of the various business units. This translates into promotions being few and far between, measly compensation and raises, and extenuating circumstances required to attend education or conferences that involve travel. The culture is also quite hierarchical versus collegial and egalitarian.

Ask yourself, why would smart people want to work at IBM? Factor in compensation, benefits, and how exciting the work is. Then factor in that good engineers and product managers are in worldwide demand. I mean it, we can literally go anywhere. Then ask yourself whether you're keeping the good engineers or just the ones that don't have the sense to leave.