Word: straussed
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...then that Dick McDougal, a Lovelock, Nev., rancher who heads the National Cattlemen's Association, flew to Washington to huddle with Robert Strauss, the celebrated Texas shooter of the bull. McDougal made this case to Carter's No. 1 inflation fighter: beef prices have gone up about as far as they will go. So, just let the cattleman alone, and he will build up his herds. But if more imports come in, the rancher may well reduce his herds still more-and prices, after a short dip, will climb through the early 1980s...
...Harris polls, could even be cranked into a central information system. That of course suggests some Strangelovian scenes such as Hamilton Jordan, Carter's top pol, in a domestic command bunker, farm boots up on the computer console, phone in hand, lights flashing across huge screens: "Get Strauss out to Pittsburgh. The steel areas are angry red ... Tell Califano to shut up on tobacco. North Carolina has dropped off the map ... Can Brown pump some defense contracts into the West Coast? Unemployment is edging up ... For God's sake, is Bergland loose again? Kansas is turning blue...
Bethlehem's promise, however conditional, was welcome news for Robert Strauss, the White House's chief jawboner. For the past two months, Strauss has been struggling to get industry to support the President's inflation program, which calls not only for executives to hold their own pay raises this year to less than 5% but also for companies to keep their 1978 price increases below the average of the past two years. A scattering of the nation's largest companies have agreed to cooperate on the question of executive salary increases, but until Bethlehem, only...
...Though Strauss promptly hailed Bethlehem's action as a "major breakthrough" and an example of "good corporate citizenship," its effect on inflation is likely to be largely symbolic. For one thing, the projected 3% increase comes on top of an April increase of 1.1% to offset the cost of the coal-strike settlement, and an earlier, 5.5% rise in February. Even if the company abides by its pledge, its 1978 price increases will still total more than the industry's 8.5% average in both 1976 and 1977. Meanwhile, the nation's three other largest steelmakers...
Executive Pay. Responding to Carter's call, several companies volunteered to hold pay raises of high executives to 5% or less this year. General Motors and Time Inc. joined the list. So did A T & T, after its chairman, John deButts, got a wheedling phone call from Bob Strauss, who typically asks business leaders, "What can you put in the pot?" Ford, R.C.A., Westinghouse and some other companies were studying the idea. Meanwhile, the House Appropriations Committee voted to deny scheduled pay increases this year to some 16,000 federal executives earning more than...