Pros
You rely on the good people immediately around you to get you through the day.
Cons
Leadership is constantly reorganizing things with the same exact outcomes = middling to no change in business results and a need to change it up again next year. We've had a remarkable succession of US-level leaders who don't seem to know their rear-ends from their elbows. You can sit on three calls in the same day led by three different leaders who are presumably part of the same executive team and hear very different and often conflicting messages. Leadership calls are consistently obtuse and insensitive. The same three people feel obligated to ask questions or make comments because no one else will. But leadership doesn't get it and/or don't care - they blindly plow on, promising: "this time it will be different!"