Pros
If you don't have to work for or near the volatile CEO, it's a pretty low pressure environment, even slow paced - which may not be a good thing.
Cons
Arrow's situation is a bit more complex than some earlier posters have indicated. Arrow's middleman model is under attack from both sides: supplier and end customer. Like all reasonable business people, they're trying to eliminate the cost associated with a middleman distributor. Arrow has reacted a bit more slowly than its competitors, but all are facing declining margins. Having said that, Arrow will be around for quite some time. If you're looking for a dynamic, exciting work environment, it ain't Arrow. But if you're looking for a place to finish out a career, it's probably not too bad.