Pros
No discipline at all, you can come late and go home early.
No KPI, so your salary increase and bonus are based on your ass-kissing skills
No pressure, so you can literally do nothing all day, and get your paycheck at the end of the month
No system whatsoever, so you can literally build your own empire within, and do whatever you'd like
Cons
No clear vision, the leaders of this company do not have any idea where to lead the company
No leadership, the so-called leaders (especially the director) doesn't have the necessary management skills and method to lead the company, as the result everything's based on personal and subjective decisions
No innovative culture, new and revolutionary ideas are always immediately killed
The salary would stuck as the company applies a raise based on cost of living adjustment, which is at par with inflation rate, so don't expect any significant raise, even if you contribute to the company. Those who get 'extra' raise are just those who can kiss ass to the big boss and be his yes man, regardless their skills, contributions and work attitudes.