IBM

1. Lots of flexibility (in terms of office hours, work from home facility).
2. Relatively easy to shift from one location to another within IBM.
3. Easy-paced life with no stringent deadlines (for most groups).
4. High Return on Investment (ROI): ROI = Salary/Effort. Salary is low, but effort required tends to zero, which makes it an ideal place for those who want to enjoy a content and relaxed life!

1. Lots of bureaucracy and lack of transparency and even-handedness in promotions, annual assessment (PBC, as they call it), and deciding to register your paper or sponsor your travel for conferences, etc.

2. General tendency to hire mediocre people.

3. Shockingly low average IQ.

4. General emphasis on quantity instead of quality of work.

5. To rise in the ranks, just be a yes-man to your managers. Business impact is all they care for, without having the least idea of what it means.

The whole management needs to be changed in order to make IBM Research a good research lab. Right now, it's a company filled with people who are not competent enough to be researchers and end up writing code. This can be accomplished at much less expense by an average engineer.