Pros
Laid-back atmosphere - Bermuda shorts, the dog, open-toed sandals on men. Full kitchens and very flexible schedule. You can get in, work, and get out without too much hypertension provided you keep your head down and your mouth shut.
Cons
Directors are incompetent and shirk responsibility - they even drink beer with their reports during the day and wonder why said team will not follow their direction. HR continually ignores their own written policies. Merit increases are not allocated by the rating manager, but by the current direct. Nepotism is rampant through every department. Power-politics always result in conflict and inefficiency. It doesn't matter what you achieve or how hard you work for them as I did - you get nothing if you're not part of the "click" or one of the favored. Expenses are completely misallocated - paid lunches every day and not on training? Most importantly - managers at all levels are mangers and not leaders. It's a totally dysfunctional family.