Pros
Large employer with lots of opportunity especially for college grads and entry or mid management. Competitive pay in some areas and positions. Great written values and potential for a great culture. Charity and volunteer work engagement. Lots of learning and development resources. Come across great people.
Cons
Good ol' boy club is strong in the leadership ranks. Friends of leaders get promotions. Too many chiefs not enough Indians. Very political as you begin to promote up. Managing your brand/reputation and seeking mentorships with "the right people" is all you can really do to help yourself. The basic calendar of a home office leader will have a disproportionate amount of meetings focused on political matters and CYA matters rather than working on items needing their attention. You either drink the cool-aid or you are an outsider so be ready to "play the game." Large company thus implementing change is very difficult especially when leadership at different levels can't embrace (generally the long tenured ones) it or are too slow to. Too many CYA activities monopolize time. Work life balance for leadership becomes an issue the higher you go up. In a nut shell, uninformed decisions made by leaders who hide in their offices and then time spent by directors (sometime AVPs) reacting to those decisions and cleaning up the mess made. And if you don't effectively clean up and fix it, you will have performance issues yourself. Extreme break down in accountability and the worst of all anti-core values behavior by officers to whom you should be looking up to... not down on. There are many amazing leaders but the bad ones ruin it. So as you can imagine basic symptoms flair up: turnover, sick leave/stress leave, performance issues, lack of engagement, interdepartmental transfers, poor quality work outcomes, etc. The passing of the old guard will eventually take place but we have LOTS of damage to manage until then. Very territorial as business areas are fighting/competing for staffing dollars and resources thus building adversarial relationships and poor behavior of those working in that environment. CEO - saw him on videos but do not know much about him as a person, what he is all about, his leadership, goals, passions, etc.