Pros

You're boss will probably be fired in 90 days so there's often opportunities to move up in the company rapidly. When you get fired you'll probably keep getting paid since they will forget to stop sending the checks.

With few exceptions there are great people in the company who work tirelessly to product and deliver a very cool product.

Cons

Uh, you'll probably get fired in 90 days? Your priorities will change daily and you will be held accountable for things other fail to deliver that are out of your control. You won't get a review or pay increase promised by your manager because "it's not a good time to request approval". It's never a good time. Great fun!

Advice to Senior Management

Continue stabbing people in the back, looking out for yourself, and hang on to that bloated salary for as long as you can.