Pros
Great history and story to the company. Smart employees, but bad culture. Great place to learn how to be an indexer. How to process corporate actions. Learn how to elect on proxies!
Cons
A lot of "new" MBA's that say they are all about efficient markets only because if they don't they will probably be fired. Not open to ideas that the investment world is looking at. So it leaves you specialized to the point where nobody else cares how you view the world through a DFA investment microscope. Leaves you with little transferable skills because of the specialized nature of the firm. If you can stay and somehow find a niche then awesome, but like most people who leave you will find yourself exactly where you started with few skills added. In house processes exist and nobody wants to change them because they work. However, current employees don't even know what they really do because they didn't write the poorly constructed code in VB6. It is really a shame to see the new CEO incorporate all these performance reviews and micro-manage departments. I guess he should just eliminate all VPs in general and just micro-manage all departments.