Incompetent upper management
Horrible codebase
No initiative or drive - everyone is content with mediocrity
This is where careers go to die. Nobody wants to make things better, nobody cares. Everyone in IT just wants to avoid doing work and collect a paycheck. Hey, if that's your MO then by all means come work here, but your skills will atrophy and you'll have to deal with incompetent executives trying to feel important.
If you haven't paid attention to the news, this company is absolutely tanking. Check out the stock value and all the customer reports. The CTF acquisition is probably one of the biggest mistakes by a Fortune 500 company in recent years (well, prior Fortune 500 - they've tanked so far they're off the list)