Pros
Size and global reach Not too many senior management roles available elsewhere
Cons
No meritocracy No stability in management, vision and depth New management planted in IT/Ops from Lehman are bringing their own favorites. Not a bad idea if people are talented. Some are. But others have walked in with intellectual material from Barclays. This is plain illegal and problem waiting to bring the company down. No integrity. Sad part is the new management is aware of this Some of the old managers have managed to survive on BS. With flux and management change, the BS is getting them further in career. While real rain makers are slogging and getting pushed down. Example, FICC technnology has spent close to 1 billion in solutions for rates, fx and credit etrading, trading and risk platforms in the past 9 years. No real solutions have been delivered and the people involved have continued to grow without any consequence. With business management and technology management changes there is no real oversight or no one held accountable. Same story still continues.