Each operating division is on it's own and must surrender its profits at the end of the year to corporate - they don't retain the profits so they must beg for money to reinvest in the operating division. I think it works for shareholders and company officers but the divisions can be starved of R&D money, making their product portfolio less effective over time - the competition invests in product R&D, manufacturing and marketing and nibbles at MPR's edges. Over enough years, the edges become pretty significant and the division becomes a market laggard. Again, I think the CFO and CEO do well by the shareholders but when your job is to work in the division, it can feel like an uphill battle when trying to maintain marketshare.
It did feel as if there was a "we/they" compensation gap between management and rank and file - management's compensation grows while rank and file compensation stagnates - this is especially true of perks like retirement benefits.
There isn't much chance for advancement - next to none. The operating divisions are small and they never cross promote within divisions so you are stuck in your division. If your boss doesn't leave, you'll be in your position forever.