Pros
The product is great, you get to work with the world's best photography and photographer's. The people below the VP level are also great, lots of hard-working, intelligent and talented people trying to do their best every day.
Cons
The upper level management is completely out of touch. Turnover in management (that leads to countless staff being let go or quitting) is ridiculous. The Executive Committee seems intent on bringing in something new and shiny rather than listening to and promoting the current staff who actually understand the business. The "leadership principles" may be great on paper, but the politics, backstabbing, and complete and utter disregard for the staff shows that they are not put into practice. Business goals are changes at least quarterly, with the entire marketing department going through a complete reorganization at least once (and often twice) a year based on the latest head of marketing. Staff turnover is extremely high, people get frustrated by the constant change and poor management or are pushed out by insecure executives.