Avantages
Many of the co-workers were very nice, suffering under the same regime as you. Practically impossible to get fired. You could probably sit at your desk and do nothing for days and no one would even notice. Very flexible schedule.
Inconvénients
CEO micromanaged and bottle-necked everything, down to the border colors on the site. Did not trust his own designers and developers to build appropriate content. He'd approve something one week and then insist that it's wrong a couple weeks later. Company culture was dead. Drab gray office with half the lights burnt out and endless meetings where very little gets decided or done. Compensation is on the lower end of what you'd expect. No chance for career advancement...just keep doing the same thing you're doing for years on end.