Pros
Good collegues interaction, fun place, proud of leadership position, continuos discovery, good salary and benefits (but low salary increases), global interaction, opportunities to learn (not so much to develop), stability and some job security. Finally catching up on systems and processes but still lagging behind on technology usare and training. If you want to work for the same company all your life and are happy to keep a low level of change, this is a good place for you, but don't expect fast promotions or development.
Cons
Senior Management (FLMC/FRMC) not equaly prepared for leadership. A fer are extreamely good and inspiring but most are quite poor at people management, only looking at short term goals and holding their positions either because of seniority or politics. In this company, the "yes.man" and the "politician" set the terms of the game, which is damaging the long term potential (both for people and for the company overall).