Pros
Sabbatical and flexible working schedules, if one's manager chains honor it. Payment is not bad at all especially in consideration of local economy, everyone's accomplishment and real "productive" workload. The senior executives and sales, account managers can make a lot even in bad years, easily dwarfing what the others like developers or IT staffs can aspire on the first line. Taking the annual bonus expense from 10-K and divide by these groups one can easily figure out. Bagels Wednesday etc. Lastly and most importantly, Joe is always one of the greatest personality to work for.
Cons
Dysfunctional internal politics at the time I left. Smart people, particularly newly minted senior managers, are not shy about boasting all the benefits and opportunities they enjoy with little real products or productivity to deliver. The morale was rather low so there were an exodus of good people during the period.