Texas Instruments

Lots of projects to work on and nice co-workers. If you are lucky with a technically competent supervisor, you will thrive. But planning for the long-term is difficult -- there are organizational changes (restructurizations) that happen more often than every 6 months. This means that your position is in flux most of the time.

Management is non-engineering, often incompetent, but arrogant and brutal when defending their salaries at your cost. Projects are not assigned based on technical skill but through an internal process of managerial decision-making. Since most managers are not technically skilled, projects are assigned and evaluated based on political and other non-technical reasons. This creates a very poor and subjective evaluation process.

An engineering company cannot succeed without technically competent management. At this point, there are too many MBAs, too few engineering degree managers, and even fewer company-grown ones.