Pros
The owners and management of this privately held company recognize that their employees are the strength of the company and treat them accordingly: Compensation is maintained at market competitive (or above) levels as determined by periodic independent reviews; Employees are treated as professionals and are not micro-managed; Employees are provided the tools and support they need to achieve their goals and to grow personally and professionally. The atmosphere was at all times a positive team oriented one. I feel very lucky to have worked my final 20+ years (until retirement) with this company.
Cons
The "underlying business" is a dynamic technology-driven business requiring constant innovation and change. While working in such a business is exciting and rewarding, over the long run, constant change can become tiring when resources are constrained.