Microsoft

• Decent benefits
• Decent pay

Depending on group:

• Good work/life balance
• Some intelligent people
• Flexible work schedule
• Some management recognize talent (can't say all because some of them play favorites)

• Resistant to change (even for proven better practices)
• Higher-level people are very reluctant to listen to junior people.
• The review system is completely broken (if they care about keeping talented people).
• No real innovation from within anymore. Most of the "innovation" is chasing a proven market and stomping out the competition.

Fix the review model.

Get rid of Ballmer and LisaB.

Gut the upper management if you want to fix the issue with all the talent leaving for other opportunities.

Get back to the basics that made the company successful to start with.

Stop chasing markets and do some innovation on your own.

It is too bad that BillG won't come back and make things "right" again.