I definitely agree with this. A previous employer of mine had a policy of never matching any competing offers -- you stuck with what you had or took the offer.

I definitely agree with this. A previous employer of mine had a policy of never matching any competing offers -- you stuck with what you had or took the offer. Combined with very infrequent raises this led to a fairly low morale. I stuck around as long as I did only because it was convenient enough while I was building up my own things.