Pros
Excellent management - focused on "GE Values", which are a great recipe for building a wonderful place to work - e.g., inclusiveness, expertise, imagination. Management clearly believes in AND acts on these values. Absolute integrity is a company standard - everyone signs up for and must comply with both the spirit and the letter of the laws and regulations surrounding the company. The company clearly wants high quality behind the GE nameplate, and endeavors to make this a reality. The company places a heavy reliance on Lean, in a variety of ways.
Cons
Compensation generally doesn't seem to be "market leading", and stock options don't exist for most employees. You can (and will) do excellent work at GE, and may even excel, but you're unlikely to get rich.