Pros
Exceptional senior leadership; creative, smart, hard working associates abound; most department leaders are very flexible with work/life issues and balance; some training opportunities still exist even in this economy; most managers are open and approachable to new ideas and ways of doing things; there's a good amount of comraderie among the workforce.
Cons
The company has been moving to a flatter hierarchy for a couple of years now. As a result, movement up the ladder the ladder has been hampered. HR now touts the benefits of "lateral career moves". While I see the value of such moves in these economic times, I believe most people like myself ultimately want to move up, lead a team, and receive higher compensation. Such opportunities are few and far between (even before the economy tanked). I don't recommend bloated organizations but exellent performance year in and year out deserves recognition in my opinion.