Pros
Extremely high moral standards permeate from the top down, and result in a very high quality product and an enthusiastic workforce. In my experience there was a very high level of client satisfaction. Senior management definitely made strong efforts to take care of the workforce. Project managers were very involved in (concerned with) subordinates lives and professional growth. Would still be working there if not for the housing bust.
Cons
Certain policies were inflexible and out-of-touch with the workforce. I witnessed Senior management being very vitriolic in expressing their frustration or disgust with personnel. One could bump into "fenced boundaries" in unexpected (and sometimes stupid) areas; for example, woe to you if you used too much internet bandwidth on your breaks!
