Pros
If you have no marketable skills, artistic talent, almost made it through the local Community College but do have world class brown-nosing skills then this place is your El Dorado. They will probably be out of business soon so this may be irrelevant, but don't expect any promotions or raises here based on performance. These things are gauged strictly by who takes the owner and his closest boot lickers to lunch, loses money to them at poker night and tells them how smart they are. The best thing about this place is not working there anymore.
Cons
They say they "Work Hard and Play Hard" but it's hard to get any real work done there when you've got a company so bloated with incompetent "leads" and "managers" who spend most of their time justifying their titles by lining up to kiss the owner's shoes. This place is run like North Korea: a small talentless group of brown nosers surround a leader and tell him how brilliant he is while the company rots away. If not for the housing bubble this place would've collapsed long ago.