Pros
Work life balance, no one is in a rush to get anything done or ever make a decision so the hours are very manageable. Returning a colleague email within 48-36 hours is acceptable and common practice.
Cons
This company is full of incompetent leaders who are more interested in managing their personal portfolios than growing the business. The products are way behind the current industry, there is no innovation, bright people spend hours wasting their time trying to develop good ideas, only to have them shot down by senior leaders so the entire business is either paralyzed or stagnant. The investor spin on why the business is declining (e.g. due to patent cliffs) is a ridiculous excuse for lack of leadership, lack of vision, lack of innovation, and general incompetence throughout the ranks of the company. The new CEO appears more concerned in meetings to want to have the last word on every idea, rather than empowering smart leaders to develop and pursue good ideas for the business. I question his ability to turn the company around when his primary goal is to own everything.