Pros

Pride in products
An entrepreneurial atmosphere where you can make a difference
A lot of great people who you can learn from.

Cons

Benefits are lower than comparable employers, especially with regards to retirement
You must be willing to work very hard. Individual managers understand the importance of flexibility, while the official HR policies are very strict and not communicated well. People who were having children were told they must take 'time off without pay or health benefits" While it turned out to be false, communication from HR is minimal.

Advice to Senior Management

Share the wealth, give the same security of retirement that your Senior Management gave you.