Pros
The company tends to attract very smart, talented people, which makes for a great group of colleagues.
Cons
It doesn't matter if you've worked for one year, or over 10 years for this company, a Leader has the power to fabricate misdeeds about an employee. That employee then has to figure out how to improve their actions, that are based on fabricated accusations to begin with, or risk being fired. Quite impossible to do. I've watched dedicated, talented individuals, who live and work epitomizing the companies Rules/Values be fired after years of service, for truly no reason, except that the Leader wanted them gone. (In most cases, the employee could be replaced by someone cheaper). It's sad to know that a Leader has that much power over someone's livelihood.