General Motors (GM) Chair & CEO Mary Barra has overcome a host of issues over her 10 years as leader of the 100-year-old plus automaker. At the time Barra took over as CEO, GM was still emerging from its 2009 bankruptcy and reeling from an ignition switch recall that led to over one hundred fatalities. Barra was tasked with completely changing GM's siloed culture and changing how the public viewed the company’s cars, as well as regaining their trust, which she eventually did. Now, contrary to other automakers who are scaling back their immediate plans to convert their car and truck lineups to all-electric in response to slowing consumer demand, she is at it again, this time with GM shareholders. Yahoo Finance’s Executive Editor Brian Sozzi got the rare opportunity to sit shotgun with Barra in the newly designed E-Ray Corvette on GM’s technical campus in Michigan to hear what Barra believes are the most important things the company needs to focus on to win over investors. As well as how she intends to make good on her bets to become the leader of electric and autonomous vehicles despite stiff competition from Tesla (TLSA) and skepticism from shareholders. Lead This Way is an interview series that features frank conversations with today’s leaders. The series gives consumers and investors an inside look into the innovative thinking and diverse life experiences of some of the biggest players in business to find out how they lead through change, and how they define success for themselves and their organizations. For more on our Lead This Way series, click here, and tune in to Yahoo Finance Live for more expert insight and the latest market action, Monday through Friday. Editor's Note: This article was written by Brian Vitagliano
In a letter to investors, BlackRock Chairman and CEO Larry Fink (BLK) warned of a potential retirement crisis, writing, "America needs an organized, high-level effort to ensure that future generations can live out their final years with dignity." Robinhood Markets Co-Founder and CEO Vlad Tenev (HOOD) echoes the sentiment, telling Yahoo Finance Executive Editor Brian Sozzi that "People really need to take the initiative to take care of their retirement on their own" adding that "We're kind of past the point where you join a company, you work there for 20 or 30 years or more, and... you can count on the pension plan." That's why Robinhood is expanding its suite of products. The latest is a new credit card, but it offers savers options to save for retirement too. It's a segment Tenev says is growing: "In the first year, we got up to about $1.4 billion in assets under custody in retirement accounts. And we just announced that yesterday we crossed $4 billion. So it took us about a year to get to $1.5 billion and in the first three months of this year, went from $1.5 billion to $4 billion." Catch the full interview with Vlad Tenev here. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Stephanie Mikulich.
TOKYO (AP) — Five people who took a Japanese health supplement have died and more than 100 have been hospitalized as of Friday, a week after a pharmaceutical company issued a recall of the products. Osaka-based Kobayashi Pharmaceutical Co. came under fire for not going public quickly with problems known internally as early as January. The first public announcement came March 22. Earlier in the week, the number of deaths stood at two people. Company officials updated the number of dead to five Fr
Grok-1.5, the enhanced version of its chatbot Grok, will be made available to early testers and existing Grok users on X in the coming days, xAI said in a statement on Thursday. Earlier this month, Musk said xAI would open-source Grok, days after the billionaire sued Microsoft-backed OpenAI for allegedly abandoning its original mission in favor of a for-profit model.
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