Pros
Ability to work virtual from anywhere in the world A stable, long-term career if you want it Lots of smart people to learn from Looks nice on your resume (which I've heard numerous times since working here...like this should compensate for everything else...)
Cons
Not a lot of opportunity for career growth - you can stay where you are for 20 years if you want Top-down mandate for strategy - often with no actual insight into the problems they are trying to solve Lots of strategic changes being made without a real vision of what the changes are attempting to accomplish Quite high turnover in product management Low pay for equivalent position in other companies in the Silicon Valley market Flex hours can mean working 12-18+ hours per day during busy times