Pros
Solid benefits, even for things you'll never use. Cool products and by in large good people.
Cons
Hiring and promotion systems force career engineers out of the company, classic ' you have to leave to promote or get substantial raises' situation. Senior management is generally late career washouts who are not held accountable for poor performance (i.e. low retention of employees). Performance evaluation system is subjective and broken, only present to protect the company legally. High performers are milked for all they have and not compensated accordingly. Systematic, standardized training and development of staff is unfunded and unplanned. First line managers (k-level) are overtasked and unable to effectively managed. Facilities and physical benefits are lacking (you wouldn't think you were in a world class engineering company when you walk through the door each day and find your desk). Finally, I have no confidence c-suite and executive leadership, nor the board. If I didn't know better I'd say they are milking this historic company for all the money they can before they abandoned ship. No accountability for these leaders.