In December, Prince unveiled a cost-cutting plan led by investment banking head Robert Druskin.

FORBES: Folding Citi's Umbrella

The law was a pistol Congress pointed at its own head in order to frighten itself into cutting the deficit.

ECONOMIST: Lexington

Meanwhile, the head of the Institute of Fiscal Studies told MSPs at Holyrood that the spending squeeze has a lot more cutting to do.

BBC: Scottish independence: Crunch point for the numbers

An engineer who joined Toshiba in 1953 and rose up the ranks to head the heavy equipment division and later to oversee finance and production, Sato embarked on a cost-cutting exercise and moved to restructure the sprawling company.

CNN: ASIANOW - Asiaweek