Pros
IT Management is so bad you can do nothing for months on end. If they catch on, throw out an acronym or buzzword. Your non-management coworkers are exceptionally skilled and have been keeping the company afloat. Don't worry, they're here to help ( Unless they're running behind on something, you'll get thrown under the bus then. )
Cons
Where to start? The incompetence runs so deep. IT Leaders here truly are the bottom of the barrel, in terms of both IT acumen and overall reasoning. Lately there's been a push to bring younger talent in. It's a transparent effort to get fresh grads used to stretching further than their experienced counterparts for less money. If a "leader" has been with the company for a while, they'll even make up positions just to keep them happy, regardless of little they actually contribute. This is the kind of place where leadership actually thinks blanket statements make good policy.