Chief Executive Officer's (CEOs) Meeting, July 9, 1985

Item

Extent (Dublin Core)
23 Pages
File Name (Dublin Core)
Title (Dublin Core)
Chief Executive Officer's (CEOs) Meeting, July 9, 1985
Description (Dublin Core)
Includes correspondence from Dole thanking others that attended the meeting, attendance lists, and proposed agendas for the meeting.
Date (Dublin Core)
1985-07-09
Date Created (Dublin Core)
1985-07-09
Congress (Dublin Core)
99th (1985-1987)
Policy Area (Curation)
Foreign Trade and International Finance
Economics and Public Finance
Creator (Dublin Core)
Dole, Robert J., 1923-2021
Record Type (Dublin Core)
notes (documents)
correspondence
Language (Dublin Core)
eng
Collection Finding Aid (Dublin Core)
https://dolearchivecollections.ku.edu/index.php?p=collections/findingaid&id=26&q=
Physical Location (Dublin Core)
Institution (Dublin Core)
Robert J. Dole Institute of Politics, University of Kansas, Lawrence, KS
Full Text (Extract Text)
(handwritten)
Mr. Simpson

UNITED STATES SENATE
OFFICE OF THE MAJORITY LEADER
WASHINGTON, D.C.

BOB DOLE
KANSAS

July 10, 1985

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal we can get on the budget resolution. I am grateful for your help throughout the budget process and for your assistance in refocusing the attention of the White House on the deficit issue.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Mr. Robert D. Kilpatrick
Chairman
CIGNA Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

BOB DOLE
KANSAS

Dear Dave:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your comments on the need to develop a national trade policy. I hope we can set up a separate meeting to give us more time to address the trade issue in depth.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

BOB DOLE
KANSAS

Dear Jim:
Thank you for attending the breakfast yesterday morning.

I was particularly interested in your careful analysis of the business outlook based on a survey of advertising purchases. I also greatly appreciated your candid advice on the budget, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

BOB DOLE
KANSAS

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal on the deficit we can get on the budget resolution. I was also greatly interested in your ideas as to the taxation of Social Security benefits after all employee contributions are recovered.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

BOB DOLE
KANSAS

Dear Cliff:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your insight into the economic outlook for American business. I also greatly appreciated your candid advice on the budget deficit, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

BOB DOLE
KANSAS

Dear Ted:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to wrap up an agreement on the budget, even though such an agreement may be less than ideal. I also appreciated your thoughts on tax reform and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

(entire page handwritten)
Soe Soe - (illegible) all benefits after (illegible)

275B

What can Pres. do?

(entire page handwritten)

Jim & Cliff
were prepared
to talk about eco.

TRADE
Trade
Dave R.

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (check mark)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (check mark)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (check mark)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan (crossed out; replaced with Sam) Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

(entire page handwritten)
7 different groups
Roderick - deficit tied to trade issue
Beck - affect of failure would be drastic
Garvin - no (illegible)
trade deficit - may be destabilizing

TV ad
1984 $2 1/2 billion
now $2 1/2 billion
shortened buying cycle
capital cities --> 3% off
2.6-2.7% GNP
4-4 1/2% service (illegible)
flat - manufacturing
Roderick - 31 --> 25% - 22%
declines in volume of imports
Garvin -->
(illegible) transition tax

Breakfast
Sen. Domenici
8-10 days to get something meaningful
can't get COLAs need something in social security
Our BA in defense
their outlays
realistic 55-56 if count OCS
OCS - solve problem & legislation
$1 billion over 3 years accounting clarification
rural housing
&
275 off current policy & rose garden on defense

Gray-Kemp -
Taxing all benefits once get back all contribution
Beck --> slower
all soc. security payments
what is contribution
consensus - whatever you can get
Domenici - Chiles - Gorton
Pres - forget about it
O'Neill --> won't (illegible) it
Kilpatrick - psychology of giving up altogether would be unhelpful
get the best deal you can

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy (handwritten: Ted)
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr. (handwritten: Cliff)
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick (handwritten: Bob)
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (handwritten: Bob)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (handwritten: Jim)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (handwritten: David)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. - S.230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

(entire page handwritten)
AGENDA
1. Economy - Business outlook for next 6 to 12 months
2. Trade and international competitiveness
(a) Is the problem getting worse?
(b) Import surcharge
3. Deficit Reduction
(a) Status of House-Senate Conference on Budget
(b) Role for Business Community

bottom of page:
Packwood - no - conflict
Domenici -
Danforth - can't make it - Tuesday church service
Chafee -
Simpson -

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. (crossed out and replaced with "8:15-9:15") - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
Rod
Scheila
Dole

handwritten on bottom of page and crossed out:
Dole
Simpson Domenici
Laxalt
Packwood?

handwritten on bottom of page:
Packwood - checking
Gorn - western coalition breakfast (marked "no")
ce/finance
Danforth <--> Chuck
no

handwritten on bottom of page:
Armstrong - Chafee

handwritten on next page:
business list

entire page handwritten:
Monisa Adams
293-1677

July 9th 8:30 a.m.
CEO's

Tom O'Hara
V-P
Prudential

Stan Maury
E X

Theodore
S>
1. Ted Brophy
CEO (illegible)
GTE
1 Stamford Forum, Stamford 06904 CT 20396512104
Robert W.

2. Bob Kilpatrick, Chairman
Cigna Corp., 1 Logan St. Phila 19103
215-557-5717

3. Bob Beck Robert A.
CEO (illegible) & CEO
Prudential Insurance Co., P. Plaza
745 Broad St., Newark 07101 201-877-6000

4. Clifton Garvin, Jr.
Chairman
EXXON Corp. 125, Ave of America
NY 10020 212-333-1000

5. James E Burke
Chairman (CEO crossed out)
Johnson & Johnson
John & J Plaza
New Brunswick, N.J. 08933-7006
201-524-0400

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
(II) Domenici - will call back
Simpson - western coalition - will call back - stop by
9 Rod
10 Dole
Should Steve Bell Attend?

12
(handwritten)
Mr. Simpson

UNITED STATES SENATE
OFFICE OF THE MAJORITY LEADER
WASHINGTON, D.C.

BOB DOLE
KANSAS

July 10, 1985

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal we can get on the budget resolution. I am grateful for your help throughout the budget process and for your assistance in refocusing the attention of the White House on the deficit issue.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Mr. Robert D. Kilpatrick
Chairman
CIGNA Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

BOB DOLE
KANSAS

Dear Dave:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your comments on the need to develop a national trade policy. I hope we can set up a separate meeting to give us more time to address the trade issue in depth.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

BOB DOLE
KANSAS

Dear Jim:
Thank you for attending the breakfast yesterday morning.

I was particularly interested in your careful analysis of the business outlook based on a survey of advertising purchases. I also greatly appreciated your candid advice on the budget, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

BOB DOLE
KANSAS

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal on the deficit we can get on the budget resolution. I was also greatly interested in your ideas as to the taxation of Social Security benefits after all employee contributions are recovered.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

BOB DOLE
KANSAS

Dear Cliff:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your insight into the economic outlook for American business. I also greatly appreciated your candid advice on the budget deficit, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

BOB DOLE
KANSAS

Dear Ted:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to wrap up an agreement on the budget, even though such an agreement may be less than ideal. I also appreciated your thoughts on tax reform and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

(entire page handwritten)
Soe Soe - (illegible) all benefits after (illegible)

275B

What can Pres. do?

(entire page handwritten)

Jim & Cliff
were prepared
to talk about eco.

TRADE
Trade
Dave R.

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (check mark)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (check mark)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (check mark)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan (crossed out; replaced with Sam) Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

(entire page handwritten)
7 different groups
Roderick - deficit tied to trade issue
Beck - affect of failure would be drastic
Garvin - no (illegible)
trade deficit - may be destabilizing

TV ad
1984 $2 1/2 billion
now $2 1/2 billion
shortened buying cycle
capital cities --> 3% off
2.6-2.7% GNP
4-4 1/2% service (illegible)
flat - manufacturing
Roderick - 31 --> 25% - 22%
declines in volume of imports
Garvin -->
(illegible) transition tax

Breakfast
Sen. Domenici
8-10 days to get something meaningful
can't get COLAs need something in social security
Our BA in defense
their outlays
realistic 55-56 if count OCS
OCS - solve problem & legislation
$1 billion over 3 years accounting clarification
rural housing
&
275 off current policy & rose garden on defense

Gray-Kemp -
Taxing all benefits once get back all contribution
Beck --> slower
all soc. security payments
what is contribution
consensus - whatever you can get
Domenici - Chiles - Gorton
Pres - forget about it
O'Neill --> won't (illegible) it
Kilpatrick - psychology of giving up altogether would be unhelpful
get the best deal you can

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy (handwritten: Ted)
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr. (handwritten: Cliff)
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick (handwritten: Bob)
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (handwritten: Bob)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (handwritten: Jim)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (handwritten: David)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. - S.230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

(entire page handwritten)
AGENDA
1. Economy - Business outlook for next 6 to 12 months
2. Trade and international competitiveness
(a) Is the problem getting worse?
(b) Import surcharge
3. Deficit Reduction
(a) Status of House-Senate Conference on Budget
(b) Role for Business Community

bottom of page:
Packwood - no - conflict
Domenici -
Danforth - can't make it - Tuesday church service
Chafee -
Simpson -

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. (crossed out and replaced with "8:15-9:15") - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
Rod
Scheila
Dole

handwritten on bottom of page and crossed out:
Dole
Simpson Domenici
Laxalt
Packwood?

handwritten on bottom of page:
Packwood - checking
Gorn - western coalition breakfast (marked "no")
ce/finance
Danforth <--> Chuck
no

handwritten on bottom of page:
Armstrong - Chafee

handwritten on next page:
business list

entire page handwritten:
Monisa Adams
293-1677

July 9th 8:30 a.m.
CEO's

Tom O'Hara
V-P
Prudential

Stan Maury
E X

Theodore
S>
1. Ted Brophy
CEO (illegible)
GTE
1 Stamford Forum, Stamford 06904 CT 20396512104
Robert W.

2. Bob Kilpatrick, Chairman
Cigna Corp., 1 Logan St. Phila 19103
215-557-5717

3. Bob Beck Robert A.
CEO (illegible) & CEO
Prudential Insurance Co., P. Plaza
745 Broad St., Newark 07101 201-877-6000

4. Clifton Garvin, Jr.
Chairman
EXXON Corp. 125, Ave of America
NY 10020 212-333-1000

5. James E Burke
Chairman (CEO crossed out)
Johnson & Johnson
John & J Plaza
New Brunswick, N.J. 08933-7006
201-524-0400

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
(II) Domenici - will call back
Simpson - western coalition - will call back - stop by
9 Rod
10 Dole
Should Steve Bell Attend?

12
(handwritten)
Mr. Simpson

UNITED STATES SENATE
OFFICE OF THE MAJORITY LEADER
WASHINGTON, D.C.

BOB DOLE
KANSAS

July 10, 1985

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal we can get on the budget resolution. I am grateful for your help throughout the budget process and for your assistance in refocusing the attention of the White House on the deficit issue.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Mr. Robert D. Kilpatrick
Chairman
CIGNA Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

BOB DOLE
KANSAS

Dear Dave:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your comments on the need to develop a national trade policy. I hope we can set up a separate meeting to give us more time to address the trade issue in depth.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

BOB DOLE
KANSAS

Dear Jim:
Thank you for attending the breakfast yesterday morning.

I was particularly interested in your careful analysis of the business outlook based on a survey of advertising purchases. I also greatly appreciated your candid advice on the budget, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

BOB DOLE
KANSAS

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal on the deficit we can get on the budget resolution. I was also greatly interested in your ideas as to the taxation of Social Security benefits after all employee contributions are recovered.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

BOB DOLE
KANSAS

Dear Cliff:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your insight into the economic outlook for American business. I also greatly appreciated your candid advice on the budget deficit, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

BOB DOLE
KANSAS

Dear Ted:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to wrap up an agreement on the budget, even though such an agreement may be less than ideal. I also appreciated your thoughts on tax reform and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

(entire page handwritten)
Soe Soe - (illegible) all benefits after (illegible)

275B

What can Pres. do?

(entire page handwritten)

Jim & Cliff
were prepared
to talk about eco.

TRADE
Trade
Dave R.

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (check mark)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (check mark)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (check mark)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan (crossed out; replaced with Sam) Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

(entire page handwritten)
7 different groups
Roderick - deficit tied to trade issue
Beck - affect of failure would be drastic
Garvin - no (illegible)
trade deficit - may be destabilizing

TV ad
1984 $2 1/2 billion
now $2 1/2 billion
shortened buying cycle
capital cities --> 3% off
2.6-2.7% GNP
4-4 1/2% service (illegible)
flat - manufacturing
Roderick - 31 --> 25% - 22%
declines in volume of imports
Garvin -->
(illegible) transition tax

Breakfast
Sen. Domenici
8-10 days to get something meaningful
can't get COLAs need something in social security
Our BA in defense
their outlays
realistic 55-56 if count OCS
OCS - solve problem & legislation
$1 billion over 3 years accounting clarification
rural housing
&
275 off current policy & rose garden on defense

Gray-Kemp -
Taxing all benefits once get back all contribution
Beck --> slower
all soc. security payments
what is contribution
consensus - whatever you can get
Domenici - Chiles - Gorton
Pres - forget about it
O'Neill --> won't (illegible) it
Kilpatrick - psychology of giving up altogether would be unhelpful
get the best deal you can

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy (handwritten: Ted)
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr. (handwritten: Cliff)
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick (handwritten: Bob)
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (handwritten: Bob)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (handwritten: Jim)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (handwritten: David)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. - S.230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

(entire page handwritten)
AGENDA
1. Economy - Business outlook for next 6 to 12 months
2. Trade and international competitiveness
(a) Is the problem getting worse?
(b) Import surcharge
3. Deficit Reduction
(a) Status of House-Senate Conference on Budget
(b) Role for Business Community

bottom of page:
Packwood - no - conflict
Domenici -
Danforth - can't make it - Tuesday church service
Chafee -
Simpson -

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. (crossed out and replaced with "8:15-9:15") - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
Rod
Scheila
Dole

handwritten on bottom of page and crossed out:
Dole
Simpson Domenici
Laxalt
Packwood?

handwritten on bottom of page:
Packwood - checking
Gorn - western coalition breakfast (marked "no")
ce/finance
Danforth <--> Chuck
no

handwritten on bottom of page:
Armstrong - Chafee

handwritten on next page:
business list

entire page handwritten:
Monisa Adams
293-1677

July 9th 8:30 a.m.
CEO's

Tom O'Hara
V-P
Prudential

Stan Maury
E X

Theodore
S>
1. Ted Brophy
CEO (illegible)
GTE
1 Stamford Forum, Stamford 06904 CT 20396512104
Robert W.

2. Bob Kilpatrick, Chairman
Cigna Corp., 1 Logan St. Phila 19103
215-557-5717

3. Bob Beck Robert A.
CEO (illegible) & CEO
Prudential Insurance Co., P. Plaza
745 Broad St., Newark 07101 201-877-6000

4. Clifton Garvin, Jr.
Chairman
EXXON Corp. 125, Ave of America
NY 10020 212-333-1000

5. James E Burke
Chairman (CEO crossed out)
Johnson & Johnson
John & J Plaza
New Brunswick, N.J. 08933-7006
201-524-0400

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
(II) Domenici - will call back
Simpson - western coalition - will call back - stop by
9 Rod
10 Dole
Should Steve Bell Attend?

12
(handwritten)
Mr. Simpson

UNITED STATES SENATE
OFFICE OF THE MAJORITY LEADER
WASHINGTON, D.C.

BOB DOLE
KANSAS

July 10, 1985

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal we can get on the budget resolution. I am grateful for your help throughout the budget process and for your assistance in refocusing the attention of the White House on the deficit issue.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Mr. Robert D. Kilpatrick
Chairman
CIGNA Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

BOB DOLE
KANSAS

Dear Dave:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your comments on the need to develop a national trade policy. I hope we can set up a separate meeting to give us more time to address the trade issue in depth.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

BOB DOLE
KANSAS

Dear Jim:
Thank you for attending the breakfast yesterday morning.

I was particularly interested in your careful analysis of the business outlook based on a survey of advertising purchases. I also greatly appreciated your candid advice on the budget, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

BOB DOLE
KANSAS

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal on the deficit we can get on the budget resolution. I was also greatly interested in your ideas as to the taxation of Social Security benefits after all employee contributions are recovered.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

BOB DOLE
KANSAS

Dear Cliff:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your insight into the economic outlook for American business. I also greatly appreciated your candid advice on the budget deficit, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

BOB DOLE
KANSAS

Dear Ted:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to wrap up an agreement on the budget, even though such an agreement may be less than ideal. I also appreciated your thoughts on tax reform and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

(entire page handwritten)
Soe Soe - (illegible) all benefits after (illegible)

275B

What can Pres. do?

(entire page handwritten)

Jim & Cliff
were prepared
to talk about eco.

TRADE
Trade
Dave R.

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (check mark)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (check mark)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (check mark)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan (crossed out; replaced with Sam) Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

(entire page handwritten)
7 different groups
Roderick - deficit tied to trade issue
Beck - affect of failure would be drastic
Garvin - no (illegible)
trade deficit - may be destabilizing

TV ad
1984 $2 1/2 billion
now $2 1/2 billion
shortened buying cycle
capital cities --> 3% off
2.6-2.7% GNP
4-4 1/2% service (illegible)
flat - manufacturing
Roderick - 31 --> 25% - 22%
declines in volume of imports
Garvin -->
(illegible) transition tax

Breakfast
Sen. Domenici
8-10 days to get something meaningful
can't get COLAs need something in social security
Our BA in defense
their outlays
realistic 55-56 if count OCS
OCS - solve problem & legislation
$1 billion over 3 years accounting clarification
rural housing
&
275 off current policy & rose garden on defense

Gray-Kemp -
Taxing all benefits once get back all contribution
Beck --> slower
all soc. security payments
what is contribution
consensus - whatever you can get
Domenici - Chiles - Gorton
Pres - forget about it
O'Neill --> won't (illegible) it
Kilpatrick - psychology of giving up altogether would be unhelpful
get the best deal you can

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy (handwritten: Ted)
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr. (handwritten: Cliff)
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick (handwritten: Bob)
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (handwritten: Bob)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (handwritten: Jim)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (handwritten: David)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. - S.230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

(entire page handwritten)
AGENDA
1. Economy - Business outlook for next 6 to 12 months
2. Trade and international competitiveness
(a) Is the problem getting worse?
(b) Import surcharge
3. Deficit Reduction
(a) Status of House-Senate Conference on Budget
(b) Role for Business Community

bottom of page:
Packwood - no - conflict
Domenici -
Danforth - can't make it - Tuesday church service
Chafee -
Simpson -

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. (crossed out and replaced with "8:15-9:15") - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
Rod
Scheila
Dole

handwritten on bottom of page and crossed out:
Dole
Simpson Domenici
Laxalt
Packwood?

handwritten on bottom of page:
Packwood - checking
Gorn - western coalition breakfast (marked "no")
ce/finance
Danforth <--> Chuck
no

handwritten on bottom of page:
Armstrong - Chafee

handwritten on next page:
business list

entire page handwritten:
Monisa Adams
293-1677

July 9th 8:30 a.m.
CEO's

Tom O'Hara
V-P
Prudential

Stan Maury
E X

Theodore
S>
1. Ted Brophy
CEO (illegible)
GTE
1 Stamford Forum, Stamford 06904 CT 20396512104
Robert W.

2. Bob Kilpatrick, Chairman
Cigna Corp., 1 Logan St. Phila 19103
215-557-5717

3. Bob Beck Robert A.
CEO (illegible) & CEO
Prudential Insurance Co., P. Plaza
745 Broad St., Newark 07101 201-877-6000

4. Clifton Garvin, Jr.
Chairman
EXXON Corp. 125, Ave of America
NY 10020 212-333-1000

5. James E Burke
Chairman (CEO crossed out)
Johnson & Johnson
John & J Plaza
New Brunswick, N.J. 08933-7006
201-524-0400

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
(II) Domenici - will call back
Simpson - western coalition - will call back - stop by
9 Rod
10 Dole
Should Steve Bell Attend?

12
(handwritten)
Mr. Simpson

UNITED STATES SENATE
OFFICE OF THE MAJORITY LEADER
WASHINGTON, D.C.

BOB DOLE
KANSAS

July 10, 1985

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal we can get on the budget resolution. I am grateful for your help throughout the budget process and for your assistance in refocusing the attention of the White House on the deficit issue.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Mr. Robert D. Kilpatrick
Chairman
CIGNA Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

BOB DOLE
KANSAS

Dear Dave:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your comments on the need to develop a national trade policy. I hope we can set up a separate meeting to give us more time to address the trade issue in depth.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

BOB DOLE
KANSAS

Dear Jim:
Thank you for attending the breakfast yesterday morning.

I was particularly interested in your careful analysis of the business outlook based on a survey of advertising purchases. I also greatly appreciated your candid advice on the budget, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

BOB DOLE
KANSAS

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal on the deficit we can get on the budget resolution. I was also greatly interested in your ideas as to the taxation of Social Security benefits after all employee contributions are recovered.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

BOB DOLE
KANSAS

Dear Cliff:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your insight into the economic outlook for American business. I also greatly appreciated your candid advice on the budget deficit, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

BOB DOLE
KANSAS

Dear Ted:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to wrap up an agreement on the budget, even though such an agreement may be less than ideal. I also appreciated your thoughts on tax reform and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

(entire page handwritten)
Soe Soe - (illegible) all benefits after (illegible)

275B

What can Pres. do?

(entire page handwritten)

Jim & Cliff
were prepared
to talk about eco.

TRADE
Trade
Dave R.

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (check mark)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (check mark)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (check mark)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan (crossed out; replaced with Sam) Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

(entire page handwritten)
7 different groups
Roderick - deficit tied to trade issue
Beck - affect of failure would be drastic
Garvin - no (illegible)
trade deficit - may be destabilizing

TV ad
1984 $2 1/2 billion
now $2 1/2 billion
shortened buying cycle
capital cities --> 3% off
2.6-2.7% GNP
4-4 1/2% service (illegible)
flat - manufacturing
Roderick - 31 --> 25% - 22%
declines in volume of imports
Garvin -->
(illegible) transition tax

Breakfast
Sen. Domenici
8-10 days to get something meaningful
can't get COLAs need something in social security
Our BA in defense
their outlays
realistic 55-56 if count OCS
OCS - solve problem & legislation
$1 billion over 3 years accounting clarification
rural housing
&
275 off current policy & rose garden on defense

Gray-Kemp -
Taxing all benefits once get back all contribution
Beck --> slower
all soc. security payments
what is contribution
consensus - whatever you can get
Domenici - Chiles - Gorton
Pres - forget about it
O'Neill --> won't (illegible) it
Kilpatrick - psychology of giving up altogether would be unhelpful
get the best deal you can

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy (handwritten: Ted)
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr. (handwritten: Cliff)
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick (handwritten: Bob)
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (handwritten: Bob)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (handwritten: Jim)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (handwritten: David)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. - S.230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

(entire page handwritten)
AGENDA
1. Economy - Business outlook for next 6 to 12 months
2. Trade and international competitiveness
(a) Is the problem getting worse?
(b) Import surcharge
3. Deficit Reduction
(a) Status of House-Senate Conference on Budget
(b) Role for Business Community

bottom of page:
Packwood - no - conflict
Domenici -
Danforth - can't make it - Tuesday church service
Chafee -
Simpson -

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. (crossed out and replaced with "8:15-9:15") - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
Rod
Scheila
Dole

handwritten on bottom of page and crossed out:
Dole
Simpson Domenici
Laxalt
Packwood?

handwritten on bottom of page:
Packwood - checking
Gorn - western coalition breakfast (marked "no")
ce/finance
Danforth <--> Chuck
no

handwritten on bottom of page:
Armstrong - Chafee

handwritten on next page:
business list

entire page handwritten:
Monisa Adams
293-1677

July 9th 8:30 a.m.
CEO's

Tom O'Hara
V-P
Prudential

Stan Maury
E X

Theodore
S>
1. Ted Brophy
CEO (illegible)
GTE
1 Stamford Forum, Stamford 06904 CT 20396512104
Robert W.

2. Bob Kilpatrick, Chairman
Cigna Corp., 1 Logan St. Phila 19103
215-557-5717

3. Bob Beck Robert A.
CEO (illegible) & CEO
Prudential Insurance Co., P. Plaza
745 Broad St., Newark 07101 201-877-6000

4. Clifton Garvin, Jr.
Chairman
EXXON Corp. 125, Ave of America
NY 10020 212-333-1000

5. James E Burke
Chairman (CEO crossed out)
Johnson & Johnson
John & J Plaza
New Brunswick, N.J. 08933-7006
201-524-0400

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
(II) Domenici - will call back
Simpson - western coalition - will call back - stop by
9 Rod
10 Dole
Should Steve Bell Attend?

12
(handwritten)
Mr. Simpson

UNITED STATES SENATE
OFFICE OF THE MAJORITY LEADER
WASHINGTON, D.C.

BOB DOLE
KANSAS

July 10, 1985

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal we can get on the budget resolution. I am grateful for your help throughout the budget process and for your assistance in refocusing the attention of the White House on the deficit issue.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Mr. Robert D. Kilpatrick
Chairman
CIGNA Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

BOB DOLE
KANSAS

Dear Dave:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your comments on the need to develop a national trade policy. I hope we can set up a separate meeting to give us more time to address the trade issue in depth.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

BOB DOLE
KANSAS

Dear Jim:
Thank you for attending the breakfast yesterday morning.

I was particularly interested in your careful analysis of the business outlook based on a survey of advertising purchases. I also greatly appreciated your candid advice on the budget, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

BOB DOLE
KANSAS

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal on the deficit we can get on the budget resolution. I was also greatly interested in your ideas as to the taxation of Social Security benefits after all employee contributions are recovered.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

BOB DOLE
KANSAS

Dear Cliff:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your insight into the economic outlook for American business. I also greatly appreciated your candid advice on the budget deficit, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

BOB DOLE
KANSAS

Dear Ted:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to wrap up an agreement on the budget, even though such an agreement may be less than ideal. I also appreciated your thoughts on tax reform and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

(entire page handwritten)
Soe Soe - (illegible) all benefits after (illegible)

275B

What can Pres. do?

(entire page handwritten)

Jim & Cliff
were prepared
to talk about eco.

TRADE
Trade
Dave R.

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (check mark)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (check mark)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (check mark)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan (crossed out; replaced with Sam) Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

(entire page handwritten)
7 different groups
Roderick - deficit tied to trade issue
Beck - affect of failure would be drastic
Garvin - no (illegible)
trade deficit - may be destabilizing

TV ad
1984 $2 1/2 billion
now $2 1/2 billion
shortened buying cycle
capital cities --> 3% off
2.6-2.7% GNP
4-4 1/2% service (illegible)
flat - manufacturing
Roderick - 31 --> 25% - 22%
declines in volume of imports
Garvin -->
(illegible) transition tax

Breakfast
Sen. Domenici
8-10 days to get something meaningful
can't get COLAs need something in social security
Our BA in defense
their outlays
realistic 55-56 if count OCS
OCS - solve problem & legislation
$1 billion over 3 years accounting clarification
rural housing
&
275 off current policy & rose garden on defense

Gray-Kemp -
Taxing all benefits once get back all contribution
Beck --> slower
all soc. security payments
what is contribution
consensus - whatever you can get
Domenici - Chiles - Gorton
Pres - forget about it
O'Neill --> won't (illegible) it
Kilpatrick - psychology of giving up altogether would be unhelpful
get the best deal you can

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy (handwritten: Ted)
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr. (handwritten: Cliff)
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick (handwritten: Bob)
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (handwritten: Bob)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (handwritten: Jim)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (handwritten: David)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. - S.230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

(entire page handwritten)
AGENDA
1. Economy - Business outlook for next 6 to 12 months
2. Trade and international competitiveness
(a) Is the problem getting worse?
(b) Import surcharge
3. Deficit Reduction
(a) Status of House-Senate Conference on Budget
(b) Role for Business Community

bottom of page:
Packwood - no - conflict
Domenici -
Danforth - can't make it - Tuesday church service
Chafee -
Simpson -

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. (crossed out and replaced with "8:15-9:15") - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
Rod
Scheila
Dole

handwritten on bottom of page and crossed out:
Dole
Simpson Domenici
Laxalt
Packwood?

handwritten on bottom of page:
Packwood - checking
Gorn - western coalition breakfast (marked "no")
ce/finance
Danforth <--> Chuck
no

handwritten on bottom of page:
Armstrong - Chafee

handwritten on next page:
business list

entire page handwritten:
Monisa Adams
293-1677

July 9th 8:30 a.m.
CEO's

Tom O'Hara
V-P
Prudential

Stan Maury
E X

Theodore
S>
1. Ted Brophy
CEO (illegible)
GTE
1 Stamford Forum, Stamford 06904 CT 20396512104
Robert W.

2. Bob Kilpatrick, Chairman
Cigna Corp., 1 Logan St. Phila 19103
215-557-5717

3. Bob Beck Robert A.
CEO (illegible) & CEO
Prudential Insurance Co., P. Plaza
745 Broad St., Newark 07101 201-877-6000

4. Clifton Garvin, Jr.
Chairman
EXXON Corp. 125, Ave of America
NY 10020 212-333-1000

5. James E Burke
Chairman (CEO crossed out)
Johnson & Johnson
John & J Plaza
New Brunswick, N.J. 08933-7006
201-524-0400

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
(II) Domenici - will call back
Simpson - western coalition - will call back - stop by
9 Rod
10 Dole
Should Steve Bell Attend?

12
(handwritten)
Mr. Simpson

UNITED STATES SENATE
OFFICE OF THE MAJORITY LEADER
WASHINGTON, D.C.

BOB DOLE
KANSAS

July 10, 1985

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal we can get on the budget resolution. I am grateful for your help throughout the budget process and for your assistance in refocusing the attention of the White House on the deficit issue.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Mr. Robert D. Kilpatrick
Chairman
CIGNA Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

BOB DOLE
KANSAS

Dear Dave:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your comments on the need to develop a national trade policy. I hope we can set up a separate meeting to give us more time to address the trade issue in depth.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

BOB DOLE
KANSAS

Dear Jim:
Thank you for attending the breakfast yesterday morning.

I was particularly interested in your careful analysis of the business outlook based on a survey of advertising purchases. I also greatly appreciated your candid advice on the budget, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

BOB DOLE
KANSAS

Dear Bob:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to strike the best deal on the deficit we can get on the budget resolution. I was also greatly interested in your ideas as to the taxation of Social Security benefits after all employee contributions are recovered.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

BOB DOLE
KANSAS

Dear Cliff:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your insight into the economic outlook for American business. I also greatly appreciated your candid advice on the budget deficit, tax reform, and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

BOB DOLE
KANSAS

Dear Ted:
Thank you for attending the breakfast yesterday morning.

I particularly appreciated your candid advice on the need to wrap up an agreement on the budget, even though such an agreement may be less than ideal. I also appreciated your thoughts on tax reform and trade policy.

I look forward to a continuing working relationship with you.

Sincerely yours,
(signature)
Bob Dole

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

(entire page handwritten)
Soe Soe - (illegible) all benefits after (illegible)

275B

What can Pres. do?

(entire page handwritten)

Jim & Cliff
were prepared
to talk about eco.

TRADE
Trade
Dave R.

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (check mark)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (check mark)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (check mark)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan (crossed out; replaced with Sam) Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

(entire page handwritten)
7 different groups
Roderick - deficit tied to trade issue
Beck - affect of failure would be drastic
Garvin - no (illegible)
trade deficit - may be destabilizing

TV ad
1984 $2 1/2 billion
now $2 1/2 billion
shortened buying cycle
capital cities --> 3% off
2.6-2.7% GNP
4-4 1/2% service (illegible)
flat - manufacturing
Roderick - 31 --> 25% - 22%
declines in volume of imports
Garvin -->
(illegible) transition tax

Breakfast
Sen. Domenici
8-10 days to get something meaningful
can't get COLAs need something in social security
Our BA in defense
their outlays
realistic 55-56 if count OCS
OCS - solve problem & legislation
$1 billion over 3 years accounting clarification
rural housing
&
275 off current policy & rose garden on defense

Gray-Kemp -
Taxing all benefits once get back all contribution
Beck --> slower
all soc. security payments
what is contribution
consensus - whatever you can get
Domenici - Chiles - Gorton
Pres - forget about it
O'Neill --> won't (illegible) it
Kilpatrick - psychology of giving up altogether would be unhelpful
get the best deal you can

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. -- S. 230

Theodore S. Brophy (handwritten: Ted)
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr. (handwritten: Cliff)
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick (handwritten: Bob)
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck (handwritten: Bob)
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke (handwritten: Jim)
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick (handwritten: David)
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING -- TUESDAY, JULY 9, 1985
8:15 a.m. - S.230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

David Roderick
Chairman
US Steel Corporation
600 Grant Street
Pittsburgh, Pennsylvania 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

Senator Dole
Senator Domenici
Rod DeArment
Senator Simpson (drop by)

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

(entire page handwritten)
AGENDA
1. Economy - Business outlook for next 6 to 12 months
2. Trade and international competitiveness
(a) Is the problem getting worse?
(b) Import surcharge
3. Deficit Reduction
(a) Status of House-Senate Conference on Budget
(b) Role for Business Community

bottom of page:
Packwood - no - conflict
Domenici -
Danforth - can't make it - Tuesday church service
Chafee -
Simpson -

Tuesday, July 9, 1985
Breakfast Meeting with CEO's
Room S-230 8:30 a.m.

AGENDA
1. Economy - Business Outlook for next 6 to 12 months
2. Trade and International Competitiveness
a. Is the problem getting worse
b. Import surcharge
3. Deficit Reduction
a. Status of House-Senate Conference on Budget
b. Role for business community

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. (crossed out and replaced with "8:15-9:15") - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
Rod
Scheila
Dole

handwritten on bottom of page and crossed out:
Dole
Simpson Domenici
Laxalt
Packwood?

handwritten on bottom of page:
Packwood - checking
Gorn - western coalition breakfast (marked "no")
ce/finance
Danforth <--> Chuck
no

handwritten on bottom of page:
Armstrong - Chafee

handwritten on next page:
business list

entire page handwritten:
Monisa Adams
293-1677

July 9th 8:30 a.m.
CEO's

Tom O'Hara
V-P
Prudential

Stan Maury
E X

Theodore
S>
1. Ted Brophy
CEO (illegible)
GTE
1 Stamford Forum, Stamford 06904 CT 20396512104
Robert W.

2. Bob Kilpatrick, Chairman
Cigna Corp., 1 Logan St. Phila 19103
215-557-5717

3. Bob Beck Robert A.
CEO (illegible) & CEO
Prudential Insurance Co., P. Plaza
745 Broad St., Newark 07101 201-877-6000

4. Clifton Garvin, Jr.
Chairman
EXXON Corp. 125, Ave of America
NY 10020 212-333-1000

5. James E Burke
Chairman (CEO crossed out)
Johnson & Johnson
John & J Plaza
New Brunswick, N.J. 08933-7006
201-524-0400

BREAKFAST MEETING - TUESDAY, JULY 9, 1985
8:30 a.m. - S. 230

Theodore S. Brophy
Chairman
General Telephone & Electronics Corp.
One Stamford Forum
Stamford, Connecticut 06904

Clifton C. Garvin, Jr.
Chairman
Exxon Corporation
1251 Avenue of the Americas
New York, New York 10020

Robert D. Kilpatrick
Chairman
Cigna Corporation
One Logan Square
Philadelphia, Pennsylvania 19103

Tom O'Hara
Senior Vice President
Prudential Insurance Company
Washington Office

Robert A. Beck
Chairman
Prudential Insurance Co.
745 Broad Street
Newark, New Jersey 07101

James E. Burke
Chairman
Johnson & Johnson
One Johnson & Johnson Plaza
New Brunswick, New Jersey 08933

Handwritten:
David Roderick, Chairman
US Steel Corp.
600 Grant St.
Pitts, Pn. 15230

Stan Maury
Executive Director
Business Roundtable
Washington, DC 20036

handwritten on bottom of page:
(II) Domenici - will call back
Simpson - western coalition - will call back - stop by
9 Rod
10 Dole
Should Steve Bell Attend?

12

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