Pros

The pay is competitive.
Because the company is conservative, it seems to do well financially.
The benefits are competitive with other companies.

Cons

Lots of politics that drive how well you do in the company. Progression has nothing to do with competency and everything to do with who you know.

Two tiered system. Some groups get treated like gold. Other groups are treated like servants.

Advice to Senior Management

Treat everyone equal. Look at how the groups are actually functioning versus predefined illusions of groups. Reward based on competency, not favoritism. Some groups are getting huge amounts of budget money and accomplishing little while others are working extremely hard with little reward. There is a dire need for management to open their eyes otherwise many people who could leave the company.