As second-in-command under GE's Jack Welch in the 1980s, Bossidy played a big part in carrying out Welch's policy of dumping any business in which GE could not achieve either first or second place.

FORBES: Bleeding arm, but no bleeding heart

As General Electric's second-in-command under Jack Welch in the 1980s, Bossidy played a big part in carrying out Welch's policy of dumping any business in which GE could not achieve either first or second place.

FORBES: Bleeding arm, but no bleeding heart

The dumping of the IMF programme in 2009 left fiscal policy adrift.

ECONOMIST: The economy has had a big boost from much sounder management