Pros
Provide good primary benefits; even exuberant should you know the right person. Ability to self-promote beyond your understanding of the title, re-hire terminated family friends, and spin the table on every truth.
Cons
The self-promoted officers without the slightest college degree can evaluate and determine a position's value and worth without ever knowing what the job entailed—determining levels of required education for subordinates but not those they favor. So instead, they promote their lunch buddies with limited knowledge of the role to senior managers to fill in Hay scale gaps. Senior managers should not talk to text without first reading it for clarity, spelling for proper meaning, and punctuation for capitalization of names.