Pros
P&G Managers are allowed opportunities to lead/influence in a broad spectrum of topics and across geographies. Compensation and Benefits are very good and at times are hard to beat outside of P&G for the same level in an organization. The Company is financially strong with a great pipeline of new products which will create success for years to come (if managed correctly). Young managers have opportunities for development which are not available at other companies. A great company to join and learn at. It's only when one gets higher in the company that the systemic problems which hold it back from it's former greatness are seen.
Cons
Politics take precedent over common sense. Cincinnati offices are politics on steroids. Too many approvals to obtain and too many people saying "no" - really slows the business and perpetuates problems which need to be solved. Ideas take forever to come to light. Ideas I had which took 2 years to approve, and fund, took less than 3 months to to reach the same stage at the company I joined upon leaving. Great ideas are stifled as senior management. Directors and VP's are too cautious and reluctant to support and surface ideas. I was told more than once that my ideas were great but leaders did not want to share them for fear they would be responsible to execute. There was a time at P&G when those who could deliver great results and develop organization to sustain them were valued and promoted. However, since about 2000, the desired characteristics for promotion shifted more to those with great vision and the ability to sell it. Commitments and delivery began to take a back seat and the company results have suffered ever since. Several outstanding leaders left the company as they were not politically connected and could not rise to the top. These same leaders are now highly successful elsewhere including in roles leading P&G's competition. It was a shame P&G lost these great leaders - again these were the ones who could actually deliver.