Pros
1) Flex Time 2) Competitive Salary (other benefits not competitive...) 3) Opportunity to travel 4) Work with Global Team 5) Makes high quality products. This company is very good for technology for interns. Lot's of opportunities to learn from smart people, and new technologies. Work / life balance can be very good if you are in the right function.
Cons
The company is driven by politics and ego. The majority of people spend more time defending why they don't have to do something, instead of just doing it. A very hostile, competitive environment to work, with lots of wolves in sheeps clothing. Very little actually gets done, except for power-point presentations with lots of fluff. Functions are constantly posturing, trying to prove which one is more important (who has most power). Most in management positions lack integrity, and there are very few people feeling happy and secure there. Due to insecurity and/or arrogance, most people are constantly trying to "out-do" one another, so there is very little real teamwork. Due to their inability to compete with Cree and Acuity in the LED realm, and with legislation banning traditional incandescent lighting, this company is going to go through massive restructuring over the next few years as it's sales continue to nose-dive, as it relies heavily on the brand, which carries little value in the consumer lighting market. It is going to be like the sinking Titanic, with people trying to run to the back of the boat to survive....everyone trying to save their own skin and stepping on anyone that gets in the way.