Pros
Stable work, people are not laid off to cut costs, pretty large company, lots of varying opportunities in many technical areas are available and you can move around to get into differing work for career development, CEO seems to really care about the people and keeping them for long term vs. cutting staff to make the numbers for Wall Street
Cons
Development practices are dated, too much focus on fire fighting problems, too top heavy with entrenched management, a lot of management comes from hardware backgrounds and that though pattern is not well suited to software development life cycles. I never see the CEO, ever, except at the quarterly tent review. We seem to loose a lot of younger talent making the company even more top heavy and culturally entrenched in old practices.