Pros

Benefits, ok pay, great place to work if you have a family, competent upper managers, normal work hours, many people are so comfortable they stay put for many years.

Cons

Hard to get promoted, very slow turn around rate at the top, most people stay there more than 10 years ( which is god in some ways but if you want to "work your way to the top" the slow turn around at the top creates few opportunities at the bottom.)

Advice to Senior Management

Make it possible for employees to experience growth and don't be afraid of new ideas.