Pros
Used to be a great growth company - as close to a true meritocracy as I've seen; a place where promotions were awarded those who performed while exhibiting clearly described company values. GE still obviously has significant resources to apply to product development and corporate improvements. Likely still a good place for recent grads to start their career - just stay under the radar and don't get deluded into thinking you'll retire here (unless the next round of senior leadership makes major directional and cultural shifts).
Cons
We used to actively fight against bureaucracy - yet now it seems we have a critical mass of these type "leaders" in control and it often feels like we're spiraling out of control. The communication disconnect between those who perform and those who supposedly lead has become a chasm - and appears to be widening. The "leaders" pay lip service to listening to employees - yet I get the feeling they are more corporate robots than human beings... and seem unable to actually listen and believe what people might want to escalate. The word dictator comes to mind when thinking of multiple senior leaders. Where we used to be a collaborative force building careers & closely integrated at several organizational levels... we've become individuals in JOBS doing what self proclaimed smart people condescendingly demand. Quite a shame. Open loop systems are doomed to spiral out of control.