The cons far outweigh the pros. Ever since Jefferson-Pilot took over in 2007, the company has turned into a disaster.
Employees are not valued and are considered replaceable. "Restructuring" occurs on almost an annual basis where the people with experience are laid off. You're always under the fear that your job could be gone the next day and moved to Greensboro like all the other departments. To top off the insult, they would not allow you to simply relocate for the same job. They made you interview to see if you could keep your job even if you were willing to move.
There's always some new corporate initiative that takes a lot of time to comply with and ends up being a bigger distraction than it's worth only to be abandoned halfway through for the next flavor of the month. Lots of wasted time and resources.
Upper management is packed with arrogant folks from Jefferson-Pilot that hate Lincoln culture. JP execs thrive from yes-men. They hate anyone that challenges the status-quo or their decisions. Ideas from employees mean nothing. You're automatically banned from the "in" group if you go against the grain.
To get promoted, you really had to kiss a lot of behind at this place. It didn't really matter what you contributed. If you didn't participate in every dumb corporate initiative and buddy up to management, you were going nowhere. Promotions and every single COLA adjusment (regardless of how small) had to be approved by upper management for every single person.
Even the smallest decisions were scrutinized by upper management. Micro-management to the nth degree. Managers were not allowed to do their jobs. They couldn't take a restroom break unless upper management told them it was OK.