Pros
Yes it's a good ol boys club in upper leadership, and that's a huge advantage if you are a man that is willing to kiss the right behinds. You may be given the opportunity to have more responsibility, just without the title or the pay and an empty promise of future advancement one day when the company can afford it. The question is, does the company fold or is it bought out?
Cons
The pervasive yes man mentality has been a slow yet steady decay in the fabric of what once was a strong, vibrant and modern culture. That culture has been replaced as a revolving door of leadership has ushered in a new culture, a culture of "shut up and do what you are told or be hazed out." Leadership here is not defined by the ability to innovate and make decisions but in your ability to be a cookie cutter order taker and deliverer.