George Shultz, a leading policy figure in both the Nixon and Reagan administrations, died at age 100 on Saturday, at his home on the Stanford University campus in Palo Alto, Calif.
Shultz was a businessman and household-name government figure, who was Secretary of State, Treasury Secretary, Labor Secretary, and who was credited with ending the Cold War.
But he also had a tie to the Alaska economy and building the state.
After decades in government and in academia with The Hoover Institution, Shultz was president of Bechtel Corporation between 1974 and 1982, running the company’s global and domestic construction projects that included the Trans Alaska Pipeline System, also known as TAPS.
The pipeline project saw first pipe laid in 1975 and was completed in 1977, with Bechtel as the management contractor.
Approval for the project came under President Richard Nixon. After the U.S. Senate was tied on the Trans-Alaska Pipeline Authorization Act, Vice President Spiro Agnew cast the tie-breaking vote in 1973. Nixon signed the bill.
Shultz had been Labor secretary for Nixon and also was director of the Office of Management and Budget. In 1972 he was appointed Secretary of the Treasury Department, and was influential in shaping the Nixon Administration’s economic policies, including attempts to control runaway inflation with wage and price freezes. He negotiated trade agreements with the Soviet Union in 1973, and the next year joined Bechtel, basing himself in Palo Alto, where he was also a fellow with the Stanford Hoover Institution.
He later joined the Reagan Administration and was Secretary of State in the 1982-1989, helping Reagan bring an end to the Cold War, one of his most storied achievements.
Born Dec. 13, 1920, two years after the end of World War 1, he was 100 years old when he died.