Pros
Great company. World class management team. Executives you can trust. Very customer focused.
Cons
Over time company has forgotten who made it great. Engineers. There is simply too much talk, and very little action. First and second level managers do not have engineer's best interest at hand. Developer productivity is abysmal. Seriously please look at LOC / engineer.
Advice to Senior Management
Too much hierarchy, talk etc in engineering. Establish risk-taking attitude again in engineers. They have been smothered by incompetent managers. Reward hard skills. YOU CAN DO IT. Screw EMC, Go NetApp :)