Pros
The people in the field are great and the franchises are interesting and keep you on your toes. If you work in Ops, the VP is good natured and fun. Once you earn respect, there is substantial autonomy. You get the day before or the day after Christmas off and the company phone is an iPhone. Travel is fun at first and you rack up miles and points.
Cons
Under the new management, there are a lot of secrets and a lot of decisions made in a vacuum (I.e. without input from the functions that do the work). The CEO leads lofty and unsupported goals like wanting to grow 34% in a year but having no plan or real grounding on how to make it happen. Women and minorities are actively discriminated against and called bad things ever since the move of corporate from California to Alabama. The pay is not commensurate and it is varied across people of the same job (me 65, colleague 45k for the same job) and they're ok with that. Everyone is sacrificing long term stability for short term profitability to make the investment firm more money so they can sell soon, but they just bought a big company that left LINE-X cash poor and the employees suffer. I'm all for capitalism as long as its not unethical, but management consistently takes advantage. It's a good ol' boys club.