Pros
Stock volatility may bring some financial rewards. Near zero accountability allows several people to under deliver, so several people are satisfied with their position. This is a pro, because many employees have landed here looking for slower, stabler lives. SanDisk does have cutting edge technology and is a market leader. If you are fortunate enough to work with the few people that really contribute, it can be rewarding.
Cons
Near zero accountability, that allows you to under deliver, also means that the people that should be passed over for promotions are not, thereby diluting the rewards for your actions. Very poor product focus Poor senior management control of middle management. Persistent speculation/rumors of a bias towards certain kinds of employees has destroyed morale.