dan ackerson retiring in january.ned it was inevitable that at some point a woman would take over a carmaker. big dealis not just a for her and a big deal for gm, the largest company ever run by a woman. $5 million in revenue. compare that to +++ startup company. this is my understanding, that this really attracted the attention of dan ackerson and his support over the past year or so. lets my sources on the board say when they were thinking about the next ceo, the issue is about continuing the work they are doing. there is a lot of work ahead, effort to continue the transformation coming out of bankruptcy. they do not feel they have reached the point where they can take a deep breath and declare victory yet. dan ackerson as ceo likes to often say 40 day bankruptcy was a curse and a blessing. a blessing they got out and saved the brands. was they were not able to do the systemic changes they were not able to do -- that would normally occur in a bankruptcy. he has spent the past few years doing renovation. mary will ha

they will make a great team, tyler, very enthusiasmed and give dan ackerson and the board credit for bidding the team. dan came in and turned the company around, but now you have the inside team coming in like sam and jenny did in following lu gersner. i think you'll see great cars coming out of gm. mary is an engineer and she's looking for a world car to cover china and the u.s. >> okay. >> i think you'll see that share growing in the years to come. >> as dan ackerson said, he said she was picked for talent, not her gender, but she's going to be watched very carefully because she is a woman at an auto company. as a leadership expert, what advice can you give her, dos and don'ts. >> make sure you have the right people on the bus. i was glad to see mark royce, a gm vet, stepping into her old job. if you don't have the products, you are not going to be successful. so get the right team around you, diverse team, which they are already doing and i'm very pleased, then keep the vision very clear ahead we have to have the best cars in the world. we want to have cars that are good at the low

thank you very much, from all assets to more traditional ones, gm is promoting mary to succeed dan ackersons chief executive she will be the first female ceo in the global auto industry. number car expert matt miller has spoken to her throughout the years. hints beingome dropped along the way. i know you sat down with her in the spring. did you get any inkling that she was -- >> i think a lot of people thought it was coming not only because dan ackerson at one point said, look, there are no car guys running general motors or the detroit automakers anymore but there will be a car gal running one of these companies someday soon viewed but also because she is the head of product. she is one of the most important executives. >> she has an impressive background there and she is clearly built her career there. if you're going to pick a hometown hero, a home-grown talent, she is it. >> especially after the obama administration gets done with you. it looks fantastic to have a female ceo. i think that is going to be the one thing people say tom a just because she is a woman. otherwise her resume is

mary burroughs is succeeding dan ackerson. she started as a plant engineer on the factory floor when she was just 18, and the rest of her resume stands on its own. she was head of manufacturing, but religious given the second half, head of product of element in 2011. her real calling card is cutting management layers, cutting red tape costs, and trying to taper what gm does while still building cool cars to make money. >> barra's appointment would make her the first female ceo for an auto company on the entire planet. she was asked what it was like to be a woman in a traditionally male-dominated business. >> i worked at general motors for 33 years with wonderful people. i always have been evaluated on what i contributed and what results i was able to obtain into your organization, but we come together as a team. putting a car or truck on the road is a team sport. i just view myself as part of a team. if by being a woman i can encourage young women who like math and science to not shy away from it and to pursue technical career

she'll replace dan ackerson i've worked at general motors for 30 years.'ve always known it's great company. the men and women are so dedicated and i believe we have truly the best team on the feel. it's an honor to lead this team. >> barra will take over february 15th. >>> tokyo's nikkei lost half a percent. hong kong's hang seng dropped more than 1%. >>> and you know who they are. that's charlie rose, norah o'donnell, and gayle king, ringing the close bell at the new york stock exchange yesterday. the co-hosts are celebrating "cbs this morning's" 500th show and its upcoming second anniversary. >>> investors are looking to cash in on some of this year's big gains. the dow split on tuesday drop 5g 2 points to finish below 15,000. the nasdaq dropped 8 points. >> pizza owner digiorno has cut food supplies with a cheese farm in wisconsin. it shoes workers feeding, kicking, and've stabbing the cows. two have been fired. the farm's owner says he's making sure this never happens again. >>> uruguay is about to become the first company in the world to legalize mar

it is interesting, dan ackerson, i remember what he said a couple the detroito -- all carmakers are runy non-car guys, but someday a car gal will run one of these companies. think about it, they are. he has no automotive background to speak of, or engineering. alan mulally is an engineer that comes from boeing. she really is the only car guy in town and it just so happens that she is a woman. >> matt, thank you very much. our own auto expert, matt miller. you have spoken to her? >> a number of times. one of the things that she said to me that stuck with me ever since, when the new corvette was launched, it was the most important car of 2013 and i thought it was amazing that you could get the car were such relatively little money and i thought about getting it myself but she said to wait until the camaro comes out, that it was a better track car. she said that they had designed it to be a weapon on the track. >> anyone who doubts her credentials can think of that conversation? >> the 1928, she is responsible for that. >> at 10:30 this morning, an exclusive interview with the person who p

general motors ceo dan ackerson says the company is in a better position to consider paying a dividend-- next year. spent $1.3nts have billion to upgrade five including the one already announced this year. the detroit automaker has increased cash flow. one company has lost 70% of its value following in september ipo and has fired its ceo. coming up tonight on "bottom line" at 7 p.m. new york time, we will talk about the budget vote set for tomorrow with douglas holt he can -- douglas holt aiken. that is coming up on "bottom line" in about 90 minutes. created on our recipe by an 11-year-old you can find cookies, brownies, blondie in bake shops all over the u.s. and canada, even the caribbean. for more, i am joined by kate h up chief executive. tate'sed by kate -- big shot ceo. how did you get to be the chief >>cutive of this shop gekko -- of this shop? >> i have been working with her for some time. you started out where? >> price waterhouse. i started a consulted -- consulting practice to help with running businesses. >> give us the scale of tate's big shot. how many cookies gekko >> ab

. >> first female ceo is replacing dan ackerson. gm is today no longer part of the government control. so, that story is coming up. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. for many adults, humira is proven to help relieve pain and stop further joint damage. humira can lower your

mary bara will reportedly be the next ceo at general motors replacing dan ackerson as you mentioned she will be the first woman to lead a major u.s. automaker. graduated from stanford's business school in 1990. she currently leads product development and global production for general motors and will take over. this coming as the federal government just sold its final shares of the company. bailed out gm for $9.5 million -- 49 .$5 billion five years ago and it turns out taxpayers will lose $10 billion on that deal. >>> lesson number one in retail. don't disparage the customers. lululemon's founder and chairman chip wilson found that out when he said that some women's bodies aren't meant for a lululemon's yoga pants, that upset a lot of people out there. and his apology was half hearted at best. so he is stepping down as chairman and investors and customers like that news. the lululemon shares right now are up by 1%. >>> market had some modst gains yesterday. let's see how it's doing this morning. another pretty quiet day on the economic front. dow dropping 22 points, nasdaq is down by 4.

please join me in giving a warm national press club welcome to the general motors chairman and ceo, dan ackerson. [applause] >> thank you, angela. many thanks to the national press club for inviting me to speak. this is an auspicious time to speak to an audience of reporters. as you may have heard, gm has been in the news a lot lately. last week the transformation of general motors passed two major milestones. first, the united states treasury sold it last share of general motors stock, closing a remarkable five-year chapter in american business history. that got immediate attention. the next day we announced that will become the next ceo. that did not go unnoticed either. on that day, for the first time in decades, all eyes at general motors turned toward the future . the end of government motors era has cleared the way for general motors to truly soar forward. we are building a gm that america can once again be proud debt. it has not been easy. the path forward for mary and the team will not be easy either. the enormity of the task became crystal clear when i became ceo. the new gm was fragile

she will replace dan ackerson. the significant hiring comes as a new study shows that young women are earning closer to what men make in comparable positions but the report says that women lose ground on salaries by the time they hit the mid-30s in part because many become mothers. the research also shows women still face discrimination in the workplace. here on wall street, stocks lost ground after gains. the dow slipped 52 yesterday, the nasdaq down 8. >>> someone in florida has a very serious sweet tooth. they stole a truck full of hershey's chocolate worth about $120,000. the driver says the truck disappeared after being parked for the night and a thief made off with the goodies. >> how do you eat that you will? >> i don't know. hopefully didn't melt in the truck, though. well, we hear there's some controversy about a baby bouncer. >> reporter: yeah. boston-basedded child advocacy group wants fisher-price to recall the newest bouncy seat that comes with an attachment in which parents can insert an ipad so a bab

mary barra will succeed dan ackerson. and the u.s.st $10.5 billion on the gm bailout but the alternative would have been a lot worse. the recession could have been a depression, that's according to treasury secretary jack lew. mr. lew said, quote, the economic stakes were high and president obama understood that inaction was not an option. his decision to commit to additional support to gm while requiring them to fundamentally restructure their business was tough, but it was right. now remember that the auto bailout was part of the t.a.r.p. program, the bulk of the funds going to the banks. while the u.s. spent almost $422 billion on bailouts, it's recovered about $433 billion so so far this far in the program, including the loss on gm. so netanya net, the government up. >>> lululemon's founder and chairman out the door. it took a while but he had made some controversial comments earlier this year. >> exactly, the saga of course at lululemon continues. the company's founder and chairman, chip wilson, he is stepping down after an uproa

dan ackerson has done a great job, although he is almost completely absent from the media and a greatjob of running this company. they have one every quality award you could think of. incredibleone an job with their products. this guy is not a car guy. this is behind the development of the new silverado sierra. he is been a huge fan of mary for a long time. she went to stanford business school, she becomes the first woman. >> do you have a favorite carmaker in terms of investment shouted g? do you have shares of any of these guys? >> tesla is one that i've done a lot of trading around. i do think over the long term that tesla could be up player because i'm a huge believer. is that this will be the year of huge exciting surprises. we will have a lot more stories like we did. jcpenney, a big shakeup. ivan seen this much activism in at least 15 years. they were able to get far in the past year. normal demographics. do you think that tim cook is going to stay at apple. i think that he was a transition. he even looks like steve jobs. so clearly wouldn't be for them to get get to that that

dan ackerson spoke about the automaker paying a dividend next mary barrall as becoming their first woman ceo next month. >> mary was picked purely on her talent, success, not because of her gender. i am proud of the history the general motors has in terms of promoting qualified minority and female employees. us now is turnaround expert harry wilson. he helped to oversee the restructuring of general motors when it declared bankruptcy in 2009. chairman of ans advisory group. great to have you here this morning, harry. you and i have talked before. you have expressed pleasure at a rapid pace that gm has recovered from bankruptcy. are they ready to pay a dividend? >> i think they are. one of the things they have improve upon is their capital allocation. huge amount of cash flow, going forward. there is still plenty of room for share repurchase or dividend. >> when you look at the turnaround, what do you see, looking back, and what made it possible? >> two things. the company had to have an improved product suite. that was in the works before we showed up. it was always identified as one of t

. >> she was hired -- dan ackerson put her in the position. she said it's about talent.the characteristics you would want even 20, 30 years ago. she has everything you would need to be running this company. will she change the culture? i mean, yes. i do think women bring different things to the boardroom and the ceo spot. we've seen that time and time again. and she is also known for sort of this kind of no bs way. she doesn't like process. a famous anecdote about her, when she ran hr, which is an area that's historically been run by women. she took a ten-page dress code and threw it out the door. the code is dress appropriately. if you're running a team at general motors, you probably know how to dress. it's that kind of things she brings, man or woman, those things will be valued. >> this also comes just on the heels of the treasury department aunnoing they've sold the last of stock in gm from the auto bailout. >> yes. >> what is the gm that mary is taking over? >> she's taking over company that has come a long way. was saved by the government and has come out of bankr

we have dan ackerson moving on. he's using this to tick off his boxes before he does that come announcing all kinds of exits including his own, right? it will come on january 1 when the new ceo in 2014 takes over. we also learned that they're going to exit ally financial, the remaining stake being sold for $1 billion at a healthy profit. here in europe, i think this is are limiting their exposure, getting rid of the chevy brand which will be gone in two years. europe has been a bloodbath for gm. not just a short-lived one, but it has gone on since 1999. they have lost $19 billion here. back to you. >> ryan, thank you very much. ryan chilcote on the latest from the car sector. >> on the ourmberg exclusive, european business correspondent caroline hyde joins us now with more on the google story. all aboute, this is optimizing performance. google can basically better control the interaction between hardware and software, but it is also about cutting costs. giants such as google and facebook are looking for lower powere

we will get his take on what dan ackerson did yesterday.g into dividend for general motors. >> very good. betty liu. >> one for the road. here is one to start off with. itsng expenses a boost in dividend. $10 billion repurchase plan that is in addition to the 800 million that was leftover from its 2007 buyback authorization. going shares up by two point 25%. 2.25%. >> you can see there is certainly room for appreciation. >> this one, you knew this was coming one day, facebook will start selling video ads. this is according to the wall street journal. you can't avoid it. this may be announced as early as today. facebook shares are the most actively traded company stock in the three market come up by 1.8% to just below $55 per share. >> here's one that may have longer-term implications. jpmorgan chase along with bank of america and a couple of others, capital one and hsbc are being sued for possibly manipulating credit card fees. when not talking about a small amount of money, we're talking about $54 billion a year according to the lawsuit. w

and why is she replacing dan ackerson as ceo of general motors?ace, but most of us thought it would happen late last year. akerson asked for the advancement, because his wife has been diagnosed with late-stage cancer. he wants to step down to spend time with his wife. we'll have more throughout the morning from ms. akerson and ms. barra, regarding the huge, huge change. back to you. >> all right. phil lebeau in chicago, thank you very much. the gm shares now, just slightly higher on the day. barra will be the first woman to lead a global automaker. our own becky quick spoke with her at the "fortune" all women's -- >> we're on a journey and we want to make sure we're engaging our employees and tapping into the ingenuities, and the responsibility we have now, we have 35,000 people connected to designing, selling, or buying the parts. and we want to get them involved. they know how to do their job better than anyone else, and we need to support them as they do that, and enable them to be creative and get their great ideas. >> big news, and we'll talk

. -- dan ackerson, chairman and ceo of general motors. we also have a u.s. army chief of staff. secondly, i would like to present our guest with the national press club coffee mug. [applause] >> thank you. yound one last question -- talked about the challenges and the work that goes along with governing a major city. tell us what is the best part of being in your job? >> the best part about being a mayor is that you can make things happen immediately and directly for people. most of the levels of government and you have to -- you can talk about things and maybe put some language in a bill that might take effect at year or two from now. i can get some and water turned down -- turn on the caps on spot someone's can get water turned on or there pothole filled. >> thank you for coming. how about a round of applause? [applause] i would also like to say thank you to the national press club staff, including the nl is an institute and the broadcast center for helping organize the event. you can find more information about the national best club and a transcript and recording -- national

on the front page, general motors tapping product chief mary barra as the neck ceo, who succeed dan ackerson who is retiring. the first woman to run a major global automaker in the 22nd woman running a fortune fortune -- fortune 500 company, this includes meg whitman and virginia rometty from ibm. >> women still unrepresented that's underrepresented. but this is a bb&t at >> it is a big deal. i agree totally. but the migration is underway. you wonder where we will be in five years or 10 years. saying not too late to buy your daughter a truck for christmas. >> tonka toys. a great idea. >> not just for boys. >> advertisers, are you listening? >> my daughters are in their 20s, just with a one. the big, ugly metal ones. >> that they can get behind the wheel? >> no, just big and ugly. confrontation in kiev overnight. thousands of protesters clashed with police. security forces tore down barriers and tenants in an overnight raid. opposition activists squirted water and smoke bombs at police officers in an attempt earlier to storm city hall. that had been seized by protesters more than 10 days ago.

ceo on monday, chairman and dan ackerson will speak at the national press club about their progress at the company. he led the gm initial public offering in 2010, 1 of the largest and u.s. history. you can watch his remarks beginning at 1:00 p.m. eastern. >> fcc was the first -- provided the first country in the world to provide allocated sector. this allows vital signs without having intrusive marketers. we are a remote wireless monitoring solution. we are able to monitor and keep them well. typically, a patient would have to go to the doctor maybe once a week to get a blood reading. and then the data goes into this device and that can go to our service center or our nursing center. --y can alert the nations the patient's cardiologist. on providing a model notice for health apps. for example, when you go to buy a can of soup, you know how there is a consistent fda label that led to look for the things you're interested in? some people care about sodium or sugar or fat. similarly, we are developing a tool. we have done this for personal health records and now we are expanding it. this

mary barra replaces dan ackerson when he retires next month. barra will be gm's first female ceo. news comes one day after the government sold its final shares of gm stock. >> the "reno gazette-journal" says the search is expected to resume today for a family in northwest nevada. two adults, their two children, a niece and a nephew vanished in remote mountains on sunday. authorities say they went to play in the snow. >> temperatures nearby had dropped monday to 16 degrees below zero. >> and "the los angeles times" says 18 former and current sheriff's deputies face federal charges. they are part of an investigation of corruption inside the nation's largest jail system. the charges include beating inmates and visitors and trying to intimidate the fbi.,, >>> another cold start@morning, freezing temperatures hoeing up outside again today. clear skies. all the way to the coastline. but temperatures dropping off into the 20s and the 30s again especially inland. high pressure now beginning to work its way on shore. i think the next couple of days the temperatures going to moderate. even

but she has this ability, dan ackerson says, he was singing her praise is a year and a half ago, to bring people together, he was really trying to change culture at gm and he thinks she can be that agent of change from the inside. not from the outside, but somebody who has come up through the ranks, knows the culture and can change it from the inside. adam: i think everybody wishes for the best but only one vehicle in the top 10 best-selling vehicles. they have to change that around as well. jeff: good point. adam: approving the volcker rule today. we are waiting on votes to officially accept the addition of restrictions on banks following the financial crisis. joining us now to discuss this in an exclusive interview with a former drafter of the volcker rule, a partner in washington, d.c. and i should point out you were on the initial committee that wrote the initial version of it, but you left in 2010, 11, and what got voted on today was not what you actually would have been in favor of, correct? >> first, thanks for having me. what i worked on was initial statutory language, which was a

from outgoing chief dan ackerson. he says the perception of g.m.a boys club is dated. >> i think roughly 25% of our plants are run by women. the number of senior jobs in our engineering organization are run by women. >> an engineer by trade, about her are a has risen through the ranks, starting as an intern and right up to the position of global product development. she has spoken fondly of the company where her father also worked. >> i've worked with a lot of great people, been given the opportunity to do great things that really challenged and gave me the ability to challenge my leadership style and skills and knowledge of the vehicle. i've had a great career. >> her success remains an exception. the number of women heading up corporations has remained steady and small in recent years. only 16.9% of corporate board seats were held by women in 2013, a number that hasn't changed significantly in eight years and only 14.6% of executive officer positions. that number hasn't changed in four years. >> the most recent data suggests that women are doing

the company has designated mary berra as the next ceo succeeding dan ackerson. development worldwide for general motors, a veteran of the company. and the significance of this cannot be overstated. for years, decades, the auto industry has been pretty much accurately portrayed as an old boys club. and if you're a car guy -- and while there have been women who have risen through the ranks as many automakers and mary barra up until was on the high end of a female auto industry executive. and she'll be theceo, ceo of the world's largest automaker or close to the world's largest automaker depending how you count the sales in china, mary barra will be the next ceo of general motors. >> this is really big news. the street has been trying to figure out who the next ceo would be. mary was considered one of the contends are for this job. for car development, this is a very big position. before that she was in human resources. that doesn't give her justice for everything she's done in her career. she's reason a pla-- run a plan one time, she's an engineer. >> more importa

live from this center for strategic and international 30s at 9:30 eastern on c-span2. , dan outgoing gm chairman ackerson will speak about the company and their investment plans. he led gm initial public offering in 2010, 1 of the largest in u.s. history. you can watch his remarks beginning at 1:00 eastern here on c-span. host: joining us from boston is john della volpe, the polling director of the art institute of politics. he is joining us to talk about the new poll looking at millennial's and the support of president obama in particular, focusing on the health-care law for the affordable care act, and also to more broadly look at the millennial view of politics and public service. thank you for being with us this morning. guest: thanks for having me. good to be with you. host: we have the overall numbers in terms of your poll for the harvard institute of politics. the approval rating for president obama, where does it stand for november, 2013? guest: thanks again for having me. where it stands now is overall, among all 18-29-year-olds in america, the president posses approval rating is down to 41%. th