IBM

The environment is very accommodating to individual needs. The management realizes that the salaries are not the greatest in the industry and so is willing to throw in extra undocumented freebies: flexible work hours and time-off.

The individual is often not rewarded fairly, i.e., not proportional to the work they do. The bonus is 5% when you get the best rating. Stocks are not awarded to engineers.

Engineers are core to the business, but management thinks that programming can be done by anyone. The company seems to have an inordinate number of managers and project managers.