Pros
The salary tends to be good...for example, according to the latest earnings announcement, McGraw-Hill had a drop in revenue but somehow still managed to increase compensation for its employees by nearly $70M (10%) over last quarter. Rewarding (poor) performance is a top priority.
Cons
The company tends to have a difficult time making important business decisions and often puts emotions over profitability. It is definitely still an "old boys club" in many ways. Managing people is not a skill that tends to be valued or rewarded within the organization.
Advice to Senior Management
Consider management overhaul and focus on rewarding results rather than politics.