Pros

Good folks to work with, interesting problems to work on. You have a chance to make an enormous impact on a large number of people. Yahoo! defines the term 'Internet Scale'.

Cons

Upper Management is still acting as if Yahoo! is still a garage start-up; middle Management is more concerned with the political infighting than supporting the troops in the trenches. Politics getting in the way of Progress....

Advice to Senior Management

Flatten the structure, get rid of the assorted VP's and Executive VP's. Decide on where the Company is going to be in five years and go for it. Quit reacting to Wall Street and listen to your User base.