Pros
You can spend most of your work week participating in groups that listen to guest speakers, put together events to celebrate women and minorities and basically just flounder all the live-long day without doing any real work. If you happen to be in a protected class, then this is your Golden Ticket. The best pat about the leadership, is that they rarely stay in one position long enough for you to get tired of their theatrics. After they move along the next executive will come in with some wild plan to bring change and you just pull out your work from the last 2 graduating classes of leadership and sell it as revolutionary. Wash, rinse, repeat and you are on your way to the retirees winner's circle. Be sure not to rock the boat in your last 5 years of retirement and collect as many direct reports as possible because you will need to shave a few off every few years to make it look like you are being efficient. To soften the blow of the news, just call it something harmless sounding like "Transformation".
Cons
There is absolutely no downside to being pushed from behind with a sharp stick to make executives look like saviors and saints.