Pros

Some interesting work, good technology, friendly and talented coworkers, reasonable benefits,

Cons

Limited opportunities for the future, work is not divided well between overseas offices, projects get moved to other groups with little notice, upper management only wants to make "safe" choices, leadership vacuum leads to lack of coordination among managers, upper management is too dependent on middle managers to know what is going on.

Advice to Senior Management

Keep non-manager employees more in the loop about what's going on, talking with each person to hear what they are doing. Also, allow people to take ownership of their work -- it's difficult to be motivated to make a long term investment in your project (work hard or be creative) knowing that your project may be taken away from you at any moment.