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Mike Wallace to retire from '60 Minutes'

NEW YORK, March 14 (UPI) -- After 38 years at the helm of CBS' "60 Minutes," Mike Wallace is ready to call it day.

Wallace, who turns 88 in May, told Tuesday's Daily Variety he is retiring when the current season ends.

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"I've often replied when asked when I'll retire that I'd do it 'when my toes turn up,'" he said. "Well, they're just beginning to curl a trifle."

Wallace said he was not pushed by CBS whatsoever and it is totally his decision to step down.

Besides, he added, he is not leaving CBS completely and will remain with the network as an "Emeritus Correspondent."

Wallace started "60 Minutes" with Harry Reasoner in 1968 when the show aired on Tuesdays opposite NBC's "Movie of the Week," and ABC's "Marcus Welby, M.D.," Variety noted.

"We had a little time when no one was watching to find out what we were doing," Wallace told Variety. "Finally, during the Vietnam War and the Civil Rights Movement we were able to do some better stuff and had the time to do it."

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