Pros
Amazing products and services, minimal number of deadbeats/mediocre people, great benefits, fantastic fiscal position that guarantees the company can survive large shocks - we see to get a lot of them now in 2011, possibilities to grow.
Cons
A bit more conservative than would be necessary, the "politically savy" people that seem to survive any downsizing in favor of more qualified but less politically astute individuals can be annoying - there are lots of people that have been more or less "grandfathered" in due to their long tenure(5, 10 or more years with the company) and some of them fall in the first category I described. There is a sensible gap in quality of people between developed markets(US, Japan, West Europe) and emerging territories where politics may play a bigger role because the overall results from those territories are less important to the overall bottom line of the company and the managers are given a bit more leeway so be prepared in case you may have to deal with that part of the world.