Pros
If you are a frat boy/girl, you'll love it! Fancy business cards, wasteful but really cool company schwag, and easy to divert blame and responsibility to other people who are not in the "in crowd" if you mess up (assuming YOU are in the "in crowd").
Cons
The most incompetent and clueless top management I have ever seen. Executive management completely turns over about every 1-2 years. Some talented and great people have worked there but always leave or are fired because they protest when they are not allowed to do their jobs. The incompetent ones are left because they are obsequious and do not challenge anything. It felt like Junior High School with the clicks and covert ranking of people except that it was more insidious than what a 13 year old can accomplish.