Pros
Great benefits, great coworkers, casual dress. Intangible perks like flex hours, telecommuting, some fun is had when you're working in the trenches on long, complicated projects.
Cons
Ineffective, idiotic leadership at the director-and-above levels. If you have to reorg an entire division every 6 months, something's wrong. Leadership keeps guessing at how to fix the problem instead of knowing what to do. My functional group has been reorganized and reassigned so many times in the last three years that our heads are spinning. I've had five different managers in two years. That doesn't inspire a lot of confidence in Brad or his minons. Most of the software architects should be fired for leading us down multiple garden paths. Innovation and creativity is not encouraged unless it benefits a high-level manager. I've made mulitple pleas to "join the 21st century" and it all fell on deaf ears. Instead of leveraging what other smart folks have done, we insist on building it ourselves, in-house, even though we have no clue what we're doing. Smart, innovative? I don't think so!