Pros
Nice facility. Nice snacks if you are an executive. These people don't work very hard, but they still pay well, especially if you're an engineer, so nice work life balance. This is a nice place to be if you don't strive for excellence.
Cons
Absence of brain trust. The old man had one good product developed and the company has lived off it ever since without really ever developing anything new that was equally groundbreaking. Engineers hold the place hostage with taking in high salaries but taking 6 to 8 years to develop products that in the end just don't cut it. Work life balance is terrific, as there is a mass exodous from the building at 5pm every day, including executives. There is no striving for excellence here, just average people doing an almost adequate job.