Pros
The only pro I can think of is if you are an executive getting the ridiculous $100,000 to $500,000 ++ dollar individual bonuses. Two years ago while the company said that profits were low and the general bonuses were reduced to 3% but the executives still got their big bonuses. There is a reason the execs buy new exotic cars every year and live in mansions.
Cons
Revolving door: 19% turnover rate (Mainly office and professional staff, not production). The Corporate HR group has been "changed out" 3 times in 5 years and still can't control the turnover. Good performers are fired for little to no reason or simply based on rumors without any proof or investigation. The owners can't make up their mind on what they want. They open new ventures and then close them before they have a chance to perform. They approve new projects and then cancel them before they start. The upper management doesn't trust the middle management to do anything. Everyone is micro-managed from the very top down. You are only appreciated If you are in the "good old boy's club" or family. Work is a constant daily struggle.