Pros
The Global nature of Nike allows for international travel and work experience. There are so many departments and functions, and job shifts between them are possible. The culture is dedicated to "work hard, play hard"; the environment is very supportive of a daily work-life balance (expectations of workload depend on function and manager most of the time). If you're an avid sport participant, there are constant opportunities to participate, organize, view. If you're tough, outgoing, a good presenter, and a "big picture" person; and know how to hang with the "in-crowd", this can be an exciting, dynamic company with great career paths.
Cons
Careers can "stall" for various intangible reasons at a certain level. Performance Evaluations are inconsistent. True upward mobility seems to come from an "old-boys" network that is strong, or fitting a perfect "Nike" profile (athletic, cool, nonchalant). Women - If you're in product, marketing or business, it is very difficult for any typical strong business woman to get a real chance at a career path to the big jobs. But if you're Legal, HR or Corporate Responsibility, this company will develop you. The company also puts incredible importance on "presentation" style; and this is somewhat limiting for ESL employees, although not insurmountable.