Pros
This is an excellent place if you are looking for a career without challenge. You can show up, do 15 minutes of work, and sit around the rest of the day wasting time until it's time to leave. If you ask for work, you are told work will come soon. Then you will go back to your desk and waste more time.
Cons
For those who have self worth and are looking for a true career filled with personal and professional growth, this is definitely not the place for you. As mentioned above, you will do nothing all day. However, certain people will be "extremely busy" and work long hours for the glory of working long hours. The culture here is that long hours equal success. Putting in a 10 hour day doing absolutely nothing at your desk is much better than staying a standard 8 hours and doing 4 actual hours of work. Actual work does not matter. Hours are all that matter. This is due to a lack of management competency, as well as everything being done "the way it's always been done".