Pros

A paycheck and health benefits.

Cons

They made a lot of promises they never fulfilled, and the job environment ended up not being as advertised. If you are talented or experienced, you will not be promoted or listened to which hurts them competitively tremendously. Number one qualification: non-threatening to the cronies. They have a layer of people that have been there for years that will do anything to maintain their alpha-dog status. Upper management has no political will to get rid of or discipline the old buddy they drink with. By policy, they do not hire anyone significant or empowered from the outside. Their attempt to implement Agile development is a scripted side-show, because they are truly not open to collaboration or competition or questioning of crony ideas. As far as checking that box in the survey on whether they share information or can be trusted I checked NO.

Advice to Senior Management

As hard as it will be, gut your development management, starting from the top. Get beyond the fact these guys drink with you, golf with you and are your special buddy.