Pros
Good benefits and 401K by comparison of what is available in todays market. Some travel and promo perks. Industry recognition, globally! Some promotion opportunities if you are social at the expense of family, and in right circles/cliques.
Cons
Real leadership, almost non-existent. A lot of talk about taking risks and listening to market/consumers but failure to apply it to a business plan. Too many meetings and buy offs from non-contributors to product. Constant justification and battles for ideas that are not aligned to an already existing industry trend. A lot of talk about innovation, but the execution of said innovation comes down to the margins for it. Talkers get ahead of do-ers. Management, Seniors and Directors grow exponentially, while the product creation teams remain the same.