Pros

The opportunity to work with innovative products, but more importantly some really smart people.
The benefits are top notch compared to other companies.

Cons

Lack of communication during difficult times. A strong "good ol' boy network".
Relationships and politics drive the budgetary spending, company direction, and who fills the few open positions, rather than hard work and loyalty.

Advice to Senior Management

Take a good, hard look into your organizations. Many of the director-level and above players are only out for their personal gain. Motivate your teams to get through these difficult times.