Pros
Great place for lazy folk. Incompetent? You'll fit right in. Good location for commuting to SOMA. Work-life balance is excellent if you believe in the 80/20 rule: That's 80% life, 20% work. Work from home all you like and take paid vacations without logging them; nobody's keeping track of how often you're not in the office so why should you? This is only good if you're not the one doing all the work, so good luck to you.
Cons
Remote teams in India and Europe are a challenge to work with in terms of time difference. No one will appreciate this work, unless they are in the trenches with you. Disgruntled employees. Gossip. Lack of trust. "Do as I say, not as I do" attitude from Senior Management. Management is a good 10 years behind in management technique industry standards. Management tries, but hiring outside consultants to do your job doesn't cut it. If you want a career in politics this is the place for you. I see a lot of future congressmen and women here.