SAP

Lots of friendly and competent people to work with.

There are some interesting technical problems to solve (if you can get on one of those projects).

The benefits are good.

Poor/hostile relations between teams on separate sites.

Too much reinventing the wheel: groups have no idea what tools, libraries, or functionality have already been written in-house.

Long process for using OSS (GPL not allowed) in projects.

Management does whatever it thinks best without asking employees.

Management is trying to do more with less employees, and work-life balance suffers.

Management jerks teams around. They give you a project, then transfer it away, then assign another, and then transfer it away. That does wonders for morale.

Everything moves very slowly. Adoption of new technology and methodology is years behind.

Get the engineering org to catalog existing functionality. It isn't good when a group is OEMing a competitor's solution when there is an in-house one they don't even know exists.

Address morale problems.

Move the organization toward quicker technology adoption and allow time for employee innovation.