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GM Says Its First Female CEO Will Take Over Next Month

Mary Barra will become the new leader of General Motors in January, the company announced Tuesday. A longtime GM veteran, Barra is currently an executive vice president; her tenure as CEO will begin after current leader Dan Akerson retires on Jan. 15.

Barra, 51, works in the company's global product development unit. She will soon become the first woman to lead a major automaker, as The Detroit Free Press reports.

"With an amazing portfolio of cars and trucks and the strongest financial performance in our recent history, this is an exciting time at today's GM," Barra said in a news release from GM announcing the change. "I'm honored to lead the best team in the business and to keep our momentum at full speed."

GM says the pending change comes after its chairman and CEO, Akerson, 65, "pulled ahead his succession plan by several months after his wife was recently diagnosed with an advanced stage of cancer."

Barra's title will not mirror Akerson's, GM says, because the company is splitting the roles of chairman and CEO. Board member Tim Solso, a former CEO of Cummins, will become the new chairman of the corporation's board.

The change comes as GM is "closing the chapter on government ownership," the company says.

On Monday, the Treasury Department announced it had sold its last remaining shares in the company. In 2009, the government took on a stake of nearly 61 percent of GM's value as part of a federal bailout of several large U.S. carmakers.

The move is credited with saving thousands of jobs — but as Scott reported yesterday for The Two-Way, it also meant that U.S. taxpayers lost $10.7 billion.

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NPR

For 3 Climbers, Summiting Meru Was An 'Irresistible' Challenge

Meru is a 21,000-foot mountain in northern India. Some of the greatest climbers in the world have tried and failed to reach its peak — a sheer granite wall known as the Shark's Fin.
NPR

How Big Egg Tried To Bring Down Little 'Mayo' (And Failed)

Newly released emails from the American Egg Board reveal embarrassing details about its fight against the vegan product Just Mayo. Industry critics say the board's antics may have broken the law.
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Friday News Roundup - International

Hungary struggles to deal with thousands of migrants at a Budapest train station. World leaders react to news the Obama administration clears a hurdle on the Iran nuclear deal. And the king of Saudi Arabia makes his first official visit to Washington. A panel of journalists joins guest host Tamara Keith for analysis of the week's top international news stories.

NPR

How The Architect Of Netflix's Innovative Culture Lost Her Job To The System

Netflix is famous for pioneering a company culture that demands standout results from every employee. One of the architects of this philosophy ended up losing her job to the system she created.

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