Pros
For those on whom the sun shines, it is a great company to work for - global opportunities, competitive salary, short-term and long-term incentives, and extremely interesting work in a complex global organization. 4 weeks vacation to start.
Cons
If not a designated "favorite" of an executive, very difficult to progress in your career, get much visibility, or have interesting / challenging work - or even to receive a raise / promotion. What is challenging is (1) surviving the political machinations and (2) the constant organizational change designed to make the company more efficient. However, these changes do nothing because, in the end, no one is ever held accountable for not meeting project goals, deadlines, or budget. Company also tries to balance its budget on the backs of its (non-executive) employees, while executives do not seem to share the cost-cutting burden.