Nepotism. Nepotism. Nepotism. This a prevailing theme inside of the organization. It wouldn't bother me so much if they were contributing members of their team. The benefactors are placed into positions they are so clearly unqualified for. This makes surrounding colleagues pick up the slack.
If professionalism is something that you highly value, I'd suggest to keep looking. Vulgarity is quite acceptable and sometimes encouraged. Patrick always has a colorful comment during company-wide meetings - entertaining to me personally, but I can see how offensive certain people.
Compare the salaries of senior executives against Amazon - Overstock pays theirs nearly double. This is very unwarranted for some executives and a real slap in the face when you see the disparity compared to hourly employees and the promise of a "bonus" each year.
Management is very volatile. I understand this industry requires agile decision making, but the amount of change is staggering. Like I said, upward mobility is a very real possibility in this company - but that sometimes isn't a good thing. On the plus side, if you don't like your boss it's a very good chance you will have a different one in a few months.
With any job, but especially this one in particular, I'd recommend having a backup plan and continuing to seek employment. I've known entire teams to disappear and executives traversing the many levels below them to personally fire someone if they don't like them.
