FORTUNE -- General Motors' (GM) decision to name Mary Barra its next chief executive has been hailed as a breakthrough for women. The daughter of a die maker who spent 33 years at the U.S. automaker, Barra is setting a milestone in an industry long dominated by men.
Her rise to the top is indeed inspiring, and hopefully it will be one of many examples that help change attitudes about women and careers. Even though today's young women are the first in modern history to start their careers making nearly as much as men, they have a pretty dim view of their prospects.
Young women are less likely than their male counterparts to aspire to a job in the C-suite, according to a study released Wednesday by Pew Research Center: 34% of women 18 to 32 years old said they aren't interested in becoming a boss or top manager, while only 24% of young men said the same.
The gender gap on this question widens among working adults in their 30s and 40s, when many women grapple with work and motherhood. Fifty-eight percent of men and 41% of women ages 33 to 48 said they aspired to someday be a boss or a top manager, according to Pew's survey of 2,002 adults, which included 810 millennials ages 18 to 32. Among adults ages 49 to 67, 32% of men and 21% of women said they would like to have one of the top jobs.
Women have made gains in education and in the labor force in recent decades, but the survey suggests women still feel it's a man's world.
Detroit's bankruptcy could be the wake-up call Congress needs to deal with the residual problems from insufficient growth five years after the financial crisis.
By Mohamed A. El-Erian
FORTUNE -- The strong and impressive recovery of the U.S. auto industry has proven insufficient to prevent the proud "Motor City" having to declare bankruptcy. The next steps involve difficult and complex legal and financial issues, some of which conflict with traditional concepts of MOREJul 22, 2013 8:48 AM ET
Surprise surprise! The U.S. government's investment in GM's former finance arm is paying off.
It's taken almost five years, but one of the government's ugliest ducklings is finally showing signs of turning into a swan. A profitable swan, at that. I'm talking about Ally Financial, formerly GMAC, General Motors' finance subsidiary.
Ally sucked up $17.2 billion of federal bailout money, much of which ended up being used to fill the rat hole MOREAllan Sloan, senior editor-at-large - Jul 2, 2013 5:00 AM ET
FORTUNE -- Here's how I calculated the value of the Treasury's stake in Ally Financial, formerly GMAC, General Motors' finance subsidiary. And how I calculated the value of the stake held by Cerberus Capital and its present (and possibly former) investors.
In late May, shortly after a tentative settlement of the bankruptcy of Ally's Residential Capital subsidiary, Ally announced that it was taking a $1.55 billion charge for expenses connected with MOREAllan Sloan, senior editor-at-large - Jul 2, 2013 5:00 AM ET
America's biggest companies smashed records for earnings in 2011. Too bad the party can't last.
FORTUNE -- Given the sluggish recovery and a strapped consumer, you'd expect to see corporate America trudging along, not racing for glory. In fact, the Fortune 500 are thriving as a group. Unlike the U.S. economy, they've shown quicksilver agility, rapidly shifting their product mix and producing more goods at little new cost. This nimbleness belies MOREShawn Tully, senior editor-at-large - May 7, 2012 12:00 PM ET
Could we soon have city buses without their accompanying pollution?
General Motors (GM) has gotten lots of buzz for its Chevy Volt, but the automaker's most important electric vehicle contribution may not have anything to do with autos at all.
GM today announced a partnership with Proterra Inc., a Golden, Colo.-based maker of "zero-emission commercial transit solutions." More specifically, Proterra makes fast-charge electric buses and automated bus charging station (10 minute recharges). MOREDan Primack - Jun 13, 2011 2:15 PM ET
When the government offered GMAC's old shareholders a free ride, how could they turn it down?
You would think, at this point, that there would be nothing left to be outraged about when it comes to government bailouts. But the more bailout rocks you turn over, the more well-connected players you find who aren't being forced to pay the full price of their mistakes. One of the little-noticed rocks I've MOREAllan Sloan, senior editor-at-large - Jan 19, 2011 5:00 AM ET
A few days before General Motors (GM) went public, an investor called me to say that the company was in violation of Sarbanes-Oxley. Specifically, he said that a member of the automaker's audit committee was not adequately independent.
Juicy story – a state-owned company violating federal law. But my source was wrong. GM was not violating either Sarbanes-Oxley or NYSE listing requirements. It was just violating their spirit, in a way MOREDan Primack - Nov 19, 2010 3:53 PM ET
I'm still torn between love and hate on these white board videos featuring White House economic advisor Austan Goolsbee. What I do know, however, is that they're strangely transfixing.
Here's the latest, which focuses on General Motors (GM).
whitehouse, posted with vodpodDan Primack - Nov 19, 2010 11:45 AM ET
|I work 4 jobs and I'm still struggling|
|"The Hobbit" dispute sparks lawsuit|
|Premarkets: Stocks' disappointing December continues|
|Don't fight it. Bitcoin has a bright future|
|Apple supplier draws scrutiny after worker deaths|