Pros
None; there is no leadership, meetings are scheduled and no one shows up. There is no accountability. There are absolutely no accounting controls in place and the company is resistant to implementing the most basic accounting controls which are standard in every industry.
Cons
Lack of leadership - as has been stated by others people are promoted into senior leadership roles out of nepotism as opposed to skillset and/or experience. Middle management is filled with associates who have no experience, and there is no mentoring, so teams are setup for failure. When an associate sees a problem and escalates it, the company frowns upon them for bringing it up. You are not rewarded instead you become the problem. Gross incompetence exists in the highest levels of management on a foundational level.