Pros
Roll in at 10, 11, whenever, out of the door by 5, long lunch in the pub, "work from home" if you like, nobody will hold you responsible if you don't deliver, it's always someone else's fault. Feels like a civil service job in the 70s. No skills needed, this is the ideal place to while away your time until your retirement. Plenty of opportunities for "entertainment" from vendors since the brand is someone everyone wants to sell to, and the fact there is unlimited budget for projects thanks to the way the company is funded (from membership fees not profits.) Great employee benefits (big bonus, non-contrib pension, gym allowance, bicycle loan, health and dental, home broadband, travel insurance etc.) They talk a great talk about valuing employees and that might be true outside of the technical jobs.
Cons
TPS division (IT dept.) is two thirds of the company and most of it is project managers or consultants. the remaining are SVPs or VPs to "manage" the dept. and 5% are engineers who do the work. Projects are bogged down by layer upon layer of bureaucracy, meetings and red tape to prevent any decision being made. More management layers are added every time a SVP reads about some new "transformation" trend in his in-flight magazine. The only thing they're actually good at is covering their backsides, so nobody can ever get blamed for anything. Thanks to unlimited free money, no project can go over budget and nobody values any money saving ideas. Vendors will bail out any bad technology decisions by simply over-speccing any hardware or software solution. Hopefully Visa Inc. (US) will buy VE and get shot of the rotten culture and dead wood management. Right now this is a zero-innovation company going nowhere, at great expense to the members.