“SAS is unique in that they don't dump losing products or bad managers.”
This was true during both the “great” and “good” years at SAS. During the “great” years, this flaw was masked by steadily growing revenues.
Outside SAS, the world was riskier. I had stock options at three different companies; but two of those failed. SAS offered no stock options, but it was a safe place. When we had a recession, we never noticed, because we worked at SAS.
To pay for that safety, we had to work on some bad products under bad managers. Many managers were technically unskilled, so new ideas were threatening, and decisions were political. I did not see so many of these problems on the outside.
That was the trade we made. If you joined early, and your goal was to take care of your family and retire, SAS was truly a great place to work. If your goal was to innovate and build great software, SAS was a long exercise in frustration.
For many years, family considerations required me to work in North Carolina. SAS was the best job I could find, so I never regretted joining. I only regret that my career did not produce more useful work.
“We cannot live our dreams. We are lucky enough if we can give a sample of our best.” — O. W. Holmes, Jr.