Pros
Pay is decent, but only after bonuses are paid (if you're a manager and above). Lots of free food on the counters - leftovers from the daily lunch meetings. If you like meetings, you will be in them constantly. Free Arlington Park Racecourse tickets.
Cons
Toxic culture where negativity and hating all ideas and people is nurtured and rewarded. This used to be a good place to work - one where you felt your coworkers were pulling on the same side of the rope to accomplish goals. However, after the Newell Rubbermaid throngs started sieging the castle, the culture has disintegrated into a backstabbing, negative melee. Direction constantly changes yet is rarely communicated in a timely manner. New Product quarterly meetings take on an abusive quality to them as senior leadership essentially shoots at the feet of the presenters to watch them dance and are sometimes quite literally driven to tears. If you are new and/or from Newell or Black and Decker, you are safe from tribal. However, if you've worked there more than a few years, you are labeled as old and unwilling to change. The truth is, many people that worked there prior to the current CEO craved change and welcomed it, but were labeled right off the bat by the army of incoming Newellies. Sales meetings are nothing more than a 4-day homage to the order takers in the field, culminating with a senior staff member making many off-colored and slurred remarks to the often-stunned audience, who are forced to stand, clap, sit and repeat more than 3 dozen times in an evening. Work-life balance is terrible. Many senior staff members take it upon themselves to send barely-legible emails at all hours of the night and weekends with unreasonable requests. The stress level for the average employee is through the roof, as you are constantly kept on-edge. It seems the more abusive a manager is to his/her employees, the more awards he/she will be presented with.