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INDEX
United States (continued) Walker, Sir David, 165–166
unemployment in, 54, 55 Wal-Mart, 53, 144–146
and world GDP, 28 Watson, Thomas J., 102–103,
U.S. Federal Reserve: 112–114, 149, 154
quantitative easing by, 4 Welch, Jack, 162
“stress test” used by, 14–16 Wendy’s, 105
U.S. Treasury bonds, 10, 39 Westinghouse, 102
White biotechnology industry, 42
Value: Woolworths, 64
in low-cost business model, Working lives, length of, 54–55
130–131 Work-life balance, talent retention
shareholder, 162 and, 156
Value creation, 164 World Trade Organization (WTO),
Value mind-set, in investing, 61–62 44, 45
Value-consciousness, of consumers, World War II, 3, 55, 86
53–54 World/global economy:
Vertically integrated business model, 2009 shrinkage in, 4
103 possible scenarios for, 153
Visibility of leaders during crises, WTO (World Trade Organization),
154–155 44, 45
Volatility, cash position and, 92
Yamada Denki, 130–131
Walgreens, 137 Yanai, Tadashi, 146
Walgreen, Charles R., III, 137 Yukijirushi, 132
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