Pros
The company has demonstrated consistent profitabilty as well as growth (mainly through acquisitions), even during the recession. Also, they successfully completed an IPO in late 2010, the 2nd-largest in the US that year after GM. So, the company appears to be sufficiently propserous to continue paying its employees. Depending on the department, the work can be interesting (or not). It is a positive in my case, but your mileage might vary. The senior management team has changed slightly in the past 1-2 years, and I think it has been a clear change for the better. There are still some urgent requests ever so often, but it is far less chaotic than previously. Finally, I find most of the indiviudals fair to work with on a personal basis. Granted, there are inevitable "silo" issues between certain divisions, and occasional executive edicts/firestorms. But I think occurs at many, if not most companies, from my experience.
Cons
There is no annual performance review process. Anyone who gets a raise has received one as the result of a challenging exception process that requires multiple executive signoffs. In other words, raises are very rare. Most staff continue to receive their initial base wage idefnitiely, for mutliple years, before even being considered for an increase. In my view, this is a fundamental failing of the company, as it is a mighy strgully even to keep pace with normal increases in cost-of-living. Promotions are even rarer than raises. They do occur, are extremely infrequent, particularly considering the success of the company and the contributions of the individuals. It is not clear whether the above issues will be resolved in the coming months and years.