Pros
Great people in the ranks. History, Iconic brand, GUITARS. When it was great, it was the coolest thing in the world to say you worked for Fender
Cons
Upper management is a total "look at me" mentality. They only time they manage is to fire people to make them look strong. Every decision is made by a group of people that used to have that job. Everyone looks over their shoulder for the axe. Previous CEO and President, while a little misguided, appreciated the people and the hard work involved in every area of the company. The next guy only appreciated fear; A good employee is a scared employee. I worked with some of the best people I've ever known, and almost to a person, no one was ever told "good job" by anyone in an office. At least a few of the "how did he get that job?" VPs are gone now...