Pros
Because there's no structure to the company, sometimes staffers can increase their capabilities and responsibilities, since there's no one directing what they're supposed to be doing.
Cons
Owner inherited company; knows nothing about very specialized field, but is sure he knows more than the people with years of education and experience. Rigid and unable to hear another viewpoint. Talks about "channeling" his father for determining company direction. (Father dead for 25 years). Gross salary disparities among staffers doing same job. Secretive about everything, including sales figures, which would help staff determine where to augment product offerings. No long-range planning; impulse decisions, followed shortly by buyer's remorse and reversal.