Microsoft – “Inmates run the asylum. Engineers have been given leadership positions with little, or no, management experience.”

Pros

Great benefits.
Lots of different products to work on.

Cons

Zero strategy beyond the windows / office gravy train.
Promotions occur based on how long you've been friends with your manager.
Engineers run the business units, and typically, engineers that embody the not-invented-here syndrome. Even though we have bought every successful piece of technology in our portfolio.
The focus on "platform strategy" eliminates any attention to user experience.

Advice to Senior Management

Get your heads out of your ass. The windows/office gravy train will end. Perhaps it takes another 10 years, but you have nothing to that will generate 20billion in revenue by then.