Pros
Safe working environment, some genuinely nice people are left (although decreasing daily), still marginally better than some companies (although declining at record speed),
Cons
Where to begin? Everything you've ever read about 3rd generation dysfunction and destruction is playing out as I type. What used to be a company full of vibrance, integrity, transparency, self-motivation is now a cesspool of apathy and mediocrity. The CEO has no idea what he is doing, inexperienced, massive ego, continues to lie to the hard-working people who built the company that now allows him and his family to live their lifestyle. He's virtually offended most (if not all) of the long-term associates with his total nonsense and complete misunderstanding of what motivates people to get results. Surrounded by C-level consultants and professional thieves, he doesn't even realize that he's being played like a violin by allowing these top-level managers rip him and the company off with the garbage they put out. High level, theoretical organization models that failed in other places they were fired from. They will all be gone with a load of cash while the hard-working people who dedicated their lives to this company get let go. Innovation by finance. That's the new thing. Tighter cost controls, fast (poorly thought out) decisions, and zero accountability will eventually destroy what is left of this company. The grandparents and former second-generation CEO created a company that was admired from every business school in the country. Soon, it will all emerge again in the B-schools, but for a different reason. How quickly the grandson destroyed a 65 year icon. It's hard, perhaps impossible, to change the very DNA of a company and make it something it was never meant to be. But yet, somehow, this particular grandson thinks he knows better than his uncle. Because after all, we pay these consultants and executive thieves a lot of money to execute on this garbage being rolled out now. It will be written in history as one of the greatest declines of an icon company in record time unless a course correction happens soon. Perhaps it would be wise to actually interact and value the opinions of some of the people who built the place into an icon, rather than offend them with every town hall and word that is spoken insincerely.