Pros
The benefits. Although employer matching contributions into the 401(k) plan are nominal at best, they do offer a pension plan. Pensions are rarely offered these days at most corporations.
Cons
It's a popularity contest. They put people in charge that lack the skills to effectively manage a team (many managers act in illegal ways towards their employees and their managers don't do anything about it). The morale is bad at State Farm because everyone spends their time judging others and working 60 hour weeks. If they would refocus their attention to work away from judgement, the company might come into the 21st century. The company moves way too slowly for the marketplace because they are overburdened with too many channels and processes. Each department acts as a silo - independent of other departments.