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1. GM CEO Announces Faulty Ignition Inquiry Finds Fault In Company, Not Person Running It

General Motors CEO Mary T. Barra announced this morning that an internal inquiry into the delayed recall of cars with faulty ignition switch problems—linked to numerous fatalities and crashes—was the result of a "pattern of incompetence and neglect" throughout the company. Those patterns extended everywhere except the very top, apparently, since Barra and her senior lieutenants were found to be blameless, despite their running the company and establishing the organizational bureaucracy that allowed these patterns to exist.