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...Difference. Board Chairman George Boldt said that the contract terms were "obviously unreasonably inconsistent" with the guideline. In fact, what made the aerospace agreement different from those of the mining and railroad industries was the lesser likelihood of a strike. At the time of the earlier decisions, coal miners had already been off their jobs for six weeks, seriously depleting the nation's coal supply, and signalmen were clearly ready to begin an economy-crippling shutdown of U.S. railroads. By contrast, the nation's ailing aerospace companies have been forced to lay off more than 180,000 workers...

Author: /time Magazine | Title: CONTROLS: Breaks in the Wage-Price Spiral | 1/17/1972 | See Source »

...many unionists. The labor men, for their part, have taken to sending alternates to most meetings. The choice of AFL-CIO President George Meany, who has been recovering from an attack of chest pains, is Nathaniel (Nat) Goldfinger, his acerbic director of research, whose constant needling frequently infuriates Chairman Boldt, who is a Federal judge from Tacoma...

Author: /time Magazine | Title: CONTROLS: Breaks in the Wage-Price Spiral | 1/17/1972 | See Source »

...week the board is scheduled to begin considering its third position in six weeks on employee merit raises, after members decided that their first two decisions would prove unworkable or unfair. Such backtracking has convinced many critics that the board lacks top leadership. Woodcock, for one, has said that Boldt "may be an excellent Federal judge but in my opinion he is not qualified to be chairman of such an important body" as the Pay Board. Boldt strenuously rejects such criticism. "I have not just been sitting on my fanny around here," he told TIME Correspondent Mark Sullivan...

Author: /time Magazine | Title: CONTROLS: Breaks in the Wage-Price Spiral | 1/17/1972 | See Source »

...Board members were much more amenable in another matter: a request from the Salvation Army to raise its officers' salaries. Though members of the charitable organization are exempt from controls, Board Chairman George H. Boldt-infused with the holiday spirit-granted formal approval anyhow. Married officers who formerly earned $57.50 a week will now go to $60.50-with a guarantee of advancement to $66 in 15 years...

Author: /time Magazine | Title: PHASE II: Holding Down Those Prices | 1/3/1972 | See Source »

...must keep up the fiction of fighting Phase II. In his keynote address, the 77-year-old AFL-CIO boss put on a sometimes tasteless show of personal invective. The 15-member Pay Board, he claimed, is a "stacked deck" against labor, and its president, retired Federal Judge George Boldt, "doesn't know a damn thing...

Author: /time Magazine | Title: The Economy: Labor's Disturbing Challenge | 11/29/1971 | See Source »

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