Pros
You're deep in the trenches in a dramatic and toxic environment with coworkers, this makes for camaraderie and friendship.
Cons
It all comes down from the top. The CEO does not know how to run a company of this size, has a huge ego that drives all of his decisions, and doesn't seek counsel or take advice from anyone. He is manipulative and talks behind the back of employees, his actions create chaos and he thinks he knows how to do every job at the company better than the people who have devoted their careers to their craft. He is inappropriate, he wants his employees to drink and uses sexual innuendo regularly. He is unprofessional, doesn't communicate well, and doesn't recognize the value or expertise of others. He plays favorites to an illegal discriminatory level and has no backbone. He doesn't stand up to his own employees who are rude or unprofessional, he permits this type of behavior and it is poison to company culture.