Pros
Benefits seem good, colleagues are respectful of the company and are a pleasure to work with. I was proud of the company as a whole although there are small factions of management that do not work well with employees. If you are with a good division within J&J it is great- you will be happy for life! If your division is devicive, you will feel sorry for every day you come to work!
Cons
Belief in the Credo is a corporate initiative, doesn't trickle down to actual rank & file when you need it. The performance review plan is a joke, you are required to get peer reviews although your immediate supervisor has the last word. I had personal problems with my super- no matter how good my peer reviews were he would override them as well as my raise and/or bonus.