Pros
The pros will only be present if you are a schmoozer. Apparently the bosses only like you if you take credit for other people's work, and do pretty much nothing else in terms of real work. If you're good at being full of it, this is the best pro.
Cons
Unless you have a position where you manage others, don't hold your breath on getting paid a decent salary, or on staying around long. Or else expect to have to do the work of two normal people. They like to have a flock of underpaid scapegoats. They also like to keep this cycle of terrible, overpaid, arrogant upper management who think that they deserve 100x the salaries of everyone else...then when they fail to do anything special after a few years, and after arbitrarily replacing most of their staff, they move on with their golden parachutes.