Pros
The pay was absolutely great until the downturn forced pay cuts. The benefits were always great. There were a lot of intelligent people with great ideas about how to improve products and processes.
Cons
While the pay was great, employees were forced to take a 5% pay cut. Upper Management took a 10% pay cut, but because the company made it to their profitability goal, all the VPs and such got HUGE bonuses compared to their pay cut. Employees got shafted on that one. While there were a lot of intelligent people with great ideas, management rarely listened to them (until they hired a consultant who told them the same thing). If you did good work, you got pigeonholed doing it and they kept piling more work on fromt he folks who were laid-off. So eventually people got burned out because they were doing 3X the work (or more) than they were getting paid for. Sadly, their heroic efforts were rewarded with "Well, you got a job."