Pros
Stable (never had corporate layoffs, probably never will), low stress, easy hours, good-to-great benefits, overtime pay for most employees. It is a good company in many ways; a solid, ethical company that is generally run very well, and is based on a brilliant business plan. I will continue to invest there.
Cons
Absolutely uninspiring place to work. Little opportunity for growth or advancement. Incompetent and unintelligent mid-level management. Stifling to those with any bit of ambition. Very low pay, rigid compensation guidelines so as to discourage jealousy or griping among employees (you know that what everyone else in your department makes is very similar to your pay). This is bad business - controlled competitiveness among employees allows room for talented employees to actually achieve.