Pros
Most managers allow flexible schedules.
Kontras
Raytheon is in a constant race to the bottom with Lockheed Martin. If Lock Mart only restocks their bathrooms once a week then Tuesday becomes "bring your own toilet paper to work day" at Raytheon too. Lock Mart doesn't have profit sharing so Raytheon has to stop that too (how can they be competitive if you don't cut standards?). Your career will become an effort to not stand out. If you bring up deficiencies in the processes that produce sub-standard code you will be singled out for poor performance reviews and slated for retaliation. Record profits are don't mean raises that keep up with inflation. Raises have more to do with the party that holds the Presidency than what is actually happening in the world. Management sends out awkward emails that are legally allowed to "inform" voters which party is more likely to keep you from losing your job.