The new parent company separated the technical team and moved them into their own department in the main business, and left the rest as a separate entity (which has now been dissolved). As a part of the new team they were invited to their companies Christmas party. It's tradition for many people to get hilarious drunk and say things they shouldn't. I had left the company as this point to take a job elsewhere, but the friends I worked with saw some crazy things. One story that stood out was about one guy who was drunk, and spoke. He hung around with the new people and told them about the company.
They then asked him what he did, and he said "oh, nothing really, just this and that".
He had worked there for twelve years, was promoted in his eighth year to work under a manager, but after his manager left he was never assigned anywhere else in the company. During this time, the recession hit, and some restructuring was done, and he was promoted to manager of his department, despite him being the only member in the department. His project was long-finished by then, and he just stuck around, did around an hour of work a day helping others.
I hear that he doesn't slack off though, and that he spends his time improving his skills, uses up his training budget to gain new skills (apparently he gets a lot), and basically does the stuff around the office that no one else wants to do, like rewriting a ton of their internal systems.