Low raises - high performance gets you a cost of living raise
fictional bonus plan - ind bonuses are based on total company performance rather than the performance of the business unit. So high performers are demotivated as nothing they personally do can affect their bonus. Company also changes the bonus plan as it sees fit to not pay employees any more than absolutely necessary.
Company will ruin your reputation with your customers and industry colleagues. Friends are always asking "why do you still work there?"
Company has a terrible reputation with customers - over priced (3 - 4x market), poor customer service, inquiries take forever (8-12 weeks) to get answered, regularly ordered products are never in stock, Univar raises prices with no notice, takes more than a week to get a price quote...
Incredibly low employee morale - company did a survey of employees. The responses were so poor that management has refused to share the results.
Customer forced to pay a price increase that was issued after the customer paid for the product but before it was delivered.
Management changes processes based on consultants, with no regard for whether the new process will actually improve performance. Most recent example - sample requesting procedure - there was an automated process in place, and then suddenly on Monday morning, that process was shut down and replaced with a process that requires filling out a word document and sending it to a newly created group. You have to toggle between three different systems to get the information to fill out the document, so the requesting time went from 3 minutes to 1 hour. Training on the new procedure was not offered until 2 weeks AFTER the procedure was put in place.
I could keep going, but you get the point.