Pros
Extremely structured when it comes to projects Opportunity for lateral moves, because they do a lot of internal hiring. Laid-back environment. Relatively good in reporting big changes affecting the company.
Cons
No support for educational / professional growth. The HR educational offerings are sorely lacking and conference travel is usually restricted to the city or to a small budget. So structured to the point that it can be crippling; projects move forward extremely slowly. Almost no women in executive leadership roles and very few minorities (except Indian) in leadership. Extremely political; certain areas of the company clearly have more power than others, regardless of what the org chart indicates. If you're caught on the wrong side of the politics, expect to be managed out. Though lateral moves are possible, it's difficult to move up. Minimal promotions and annual increases; negotiate for a decent salary up front because it changes very slowly.