1) Selective meritocracy. What other reviews say about needing to be in the "inner circle" for career progression is true. If your manager isn't in the inner circle either, you'll never advance.
2) Unequal opportunity. If you are a white male, you're going to have a significantly easier time here with career advancement.
3) Stinginess. The company gets an increase in profit this year. You work your tail off, bring good results, your superiors give you an outstanding performance review. And then rewards you with a 3% raise, no bonus, no promotion, and expects you to work hard another year? NOPE, I don't have time for that
4) Politics. Paranoid managers pushing their own agenda, hiding information from other departments, selectively sharing information only to other managers who help push their agenda... at the expense of transparency and what's best for the company. Come on people, this is a family business, not House of Cards