Pros
If you have previous relationships with upper management, then be confident you will be paid very handsomely. For others that do not, you will have to fight just to stay moderately competitive in the market. Or, if you are so bold to threaten your departure or play teacher's pet, perhaps that will provide you an increase (at your own risk).
Kontras
Very poor work-life balance for some who want to excel at their job - be highly careful of exhausting politics. Great deal of change occurring in the workplace that neither is transparent in their motives, not organized, and leaves everyone who has no pre-existing relationship with upper management in total free fall. Nepotism, politics, terrible combination of strong personalities to work with.