General Motors announced this morning that Mary Barra, GM's current head of global product development, will succeed Daniel Akerson as chief executive officer when he retires next month.
Barra will be the first woman to lead a major auto company. Barra is a veteran of GM. She got her start on the factory floor as an intern 33 years ago, and holds an MBA from Stanford University. Barra is considered a major player in GM's turnaround since its bailout by the federal government in 2009.
Micki Maynard covers the automotive industry for Forbes, and tells Marketplace Morning Report about Barra's career and the challenges that await her as CEO of one of the world's largest auto companies. Click the audio player above to hear more.
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If young women want to close the gender pay gap, they should pay more attention to their major than their university. A new study suggests that having more women getting degrees from Stanford or Harvard matters far less than having more women getting degrees in engineering or business. Gokhan Savas, co-author of the study and an assistant professor at Luther College in Iowa, speculates that it’s probably* about the enduring power of old boy networks.
“Male students who go to those elite institutions, but major in literature or history or social sciences or art, they are still able to get fancy jobs in Wall Street,” Savas says.
Women? No such luck.
Click the player above to hear more, and see the study’s abstract here.
Mary Barra will become the new leader of General Motors in January, the company announced Tuesday. The company veteran's tenure as CEO will begin after current leader Dan Akerson retires on Jan. 15.
An NPR poll finds that most elementary school kids have physical education classes just one or two days a week. In response, parents and educators are getting kids to squeeze in walks, jogs and jumping jacks before, after and even during school.