Pros
It will be a positive point on your resume. If you are a middle manager/executive your pay/benefits will vastly outstrip other employees.
Cons
Pay and benefits are below average for the region. Senior leadership has embedded themselves and fights change, and quickly disposes of anyone who challenges the wildly inefficient processes. The company lacks an overall culture as most resources are poured into the whims of management, leaving a stark divide in salaries. Middle managers (most of whom have no direct contact or backgrounds in the work they oversee) are in a near constant rush to complete mountains of work. This management "culture" consists of endless meetings upon meetings, in which individuals are as quick to claim credit as they are to cast blame and shame on one another. This filters down to frontline employees, who then take the brunt of their colleague's frustrations, and perpetuating a revolving door of hiring and firing.