Pros
We have never ending change to challenge you as we grow into whatever it is the senior executives think we should be. While the regular employees don't necessarily agree with the goals, it certainly provides plenty of opportunity to stretch yourself if you find challenging projects to work on. Management is quite flexible regarding remote work allowing employees to work from home on a regular basis. This may not apply to all areas of the company but is certainly a benefit in the IT organization. Culturally, it's a happy place. Despite the fact senior management makes boneheaded decisions making employees feel like no one cares about them, the majority of the employees are happy and easy to get along with.
Cons
Dealing with the stupidity that is senior management. Acquisitions that make sense on paper but are ineffectually managed in their execution. Lack of clear decision making and direction. A retention bonus plan that is absolutely pathetic. 15 years of service gives you enough points to buy some piece of junk from an on-line store that's worth about $45 retail. $45 for 15 years of service. Unbelievable. Pay is below average for the level of skill and job requirements. Lack of resources to get tasks completed in a timely manner. Too many conflicting requirements without clear direction from senior management about which should be addressed first.