Actually, the company is not bad at all. And I still think that there is hope to implement good changes.
One of the big problems is that actually most of people there are with technical backgrounds, with limited managing experience. They might have been indoctrinated by MBA stuff, but indirectly, through "effective coaches" and like. There is a strong belief in brainstorming and other similar techniques, even though there is research that says that it's ineffective :)