Extremely slow to develop products and implement activities in markets.
Matrix organization impacts on slow (or none) decision making process and the reaching of agreements, showing how highly politizised this organisation is.
Both above mentioned aspects makes it frustrating to work for this company, especially if you are at senior level.
Very poor work life balance. In order to succeed in this company you have to either live for the company (do not have a personal life) or be "sponsored" by someone inside (idolize a senior manager).