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Conversation 604-008

TapeTape 604StartWednesday, October 27, 1971 at 5:27 PMEndWednesday, October 27, 1971 at 5:29 PMTape start time01:05:29Tape end time01:07:32ParticipantsNixon, Richard M. (President);  Shultz, George P.Recording deviceOval Office
AI Summary

President Nixon and George P. Shultz discuss the inaugural meeting of the Pay Board and concerns regarding the necessity of allowing members to appoint proxies during absences. Due to the potential impact of pending economic discussions, including issues related to gold, Nixon instructs Shultz to coordinate with the Board to amend the executive order to authorize these proxy arrangements. This decision ensures continuity in board operations despite the impending unavailability of key members.

Pay BoardExecutive OrderEconomic PolicyGold StandardLabor Relations
AudioNARA Description

On October 27, 1971, President Richard M. Nixon and George P. Shultz met in the Oval Office of the White House from 5:27 pm to 5:29 pm. The Oval Office taping system captured this recording, which is known as Conversation 604-008 of the White House Tapes.

Nixon Library Finding Aid
Conversation No. 604-8

Date: October 27, 1971

Time: 5:27 pm - 5:29 pm
Location: Oval Office

The President talked with George P. Shultz
[This recording begins at an unknown time while the telephone call is in progress]

[See Conversation No. 13-22]
Transcript (AI-Generated)

This transcript was generated automatically by AI and has not been reviewed for accuracy. Do not cite this transcript as authoritative. Consult the Finding Aid above for verified information.

He was calling me about the first meeting with the pay board.
He said it went very well.
He said that the pay board meeting, they had agreed, and he went through the reasons that the principals could have owners if the principals were away on something.
He pointed out that he had to be away for two weeks or three weeks, or a hundred and twenty-seven.
That's when his conventions are.
to act for them.
He said that they agreed on that this morning.
Judge Golden called me tonight and said, well, the legislation might allow that the executive order not provide for that sort of thing.
And he says that it's very important that this
Well, I... Well, I...
I wouldn't think that would be the case, but you see, as I told him, I said, well, I can see your point of view, because obviously, if he knew your pulse, he wouldn't have the pulse.
He said, that's exactly the point.
He said, the two of us are going to be away, and the very important thing is we're going to be talking about the gold hold.
So, I said, we can get at it.
So, what I'm asking you to do, if you will talk to the boat, and change the order to what's necessary, will you do that, please?
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