Management has no faith in the ability or ideas of their employees. They are blinded by their own arrogance.
I was asked by one of my interviewers if I "had thick skin" because the CEO was known to tear into people to the point that they went home crying.
Several of the department managers have no leadership skills or the ability to inspire. In fact, they don't even stand up for the rights of the employees because they are so terrified of the CEO.
There are many coworkers that I am proud to work with. They are talented people that work hard despite the lack of recognition. There are also many employees that have long since given up on caring which can be frustrating.
The CEO single-handedly sets the tone for the company culture. The company was handed down to him through the generations so he does not understand or appreciate the hard work that employees do. He leads through intimidation and has been known to berate employees as his whims see fit.