Pros
Stability, it takes a lot to get rid of incompetent people. If you do your job and blindly follow management dogma, you have a good chance of sticking around. The flexible work hours are nice. Decent pay and benefits. Having GE on your resume seems to impress other companies as well. There are good people in the organization, if you can look past a few bad managers.
Cons
Poor management - managers seem more interested in image and climbing the corporate ladder then actually solving problems or fostering positive change. Every decision seems to be driven by wall street with no thought to how a business or it's workers can be successful. This company does a poor job of investing back into its businesses or it's people. Training and professional development do not seem to be priorities. Technical people do not seemed to be valued. Only people on a management track.