Pros
If you really don't feel like doing anything at all for weeks at a time this is the company for you. From executives to the mail room everyone who wants to is coasting till the company fails. There are no repercussions for late work, incorrect work, not showing up to work. If you get an email and phone call from someone to do something it's not your responsibility till they show up at your desk.
Cons
This company believes in paying as low as they can compared to the market thinking they are still getting the same quality employees as top companies. The 3 year progression, promotion, and raises freeze has caused moral to be at an all time low. Some might argue but those are the well connected people or referring to the 4 % over 3 years raises the company handed out not matching inflation. They had Boston Consulting Group (BCG) come in and restructure the company leaving it with 4 layers of VPs' but 2 layers of all other employees ranging from 1 year of experience to 30 years. Moral is low because being 1 year into this structure there are no plans on how one gets progressed.