Pros
Stable industry, company in business for a long time, good pay and benefits.
Cons
Senior management has no business education or experience, yet insist on micro-managing things they don't understand. The executive team has was promoted up from entry-level positions and has been there for decades. Basic business management and project management principles are completely absent. The company relies on fractured, chaotic processes, and is easily 20 years behind in technology. They rummage through Word documents for things that should be in project management software, or at least in Excel. A 'good old boys' culture exists, where people that have been there a long time can literally bully, disrupt, and push around new hires that come in just trying to do their best work. The result is a core team of long-time, change-resistant employees, and a revolving door of new hires that get pushed out within a few months. If you dare suggest a process improvement, you will be in fear of losing your job. Steve Jobs referred to this as the 'Bozo' mentality, where a bunch of 'bozos' that were around when the company started will literally halt the progress of the company.