My Mike Wallace Moment

Mike Wallace, of CBS News, and
"60 Minutes" fame, passed away
at the age of 93.

This has been a sad week for many in the broadcast media community with the passing of legendary newsman Mike Wallace. Wallace, mainly known for his work on CBS News “60 Minutes,” probably did not invent the confrontational interview, but he was the first well known journalist to use it effectively. His interviewing approach became so synonymous with his name that it was said the worst four words a person could hear were “Mike Wallace is here.”

Years ago, 1986 to be exact, I had the opportunity to see Wallace in action. In a stranger twist, it was my question to him that set things in motion and enabled those in attendance to witness his fiery side.

The event was a daylong conference on “The Future of American Business.” College business and finance students from all over the tri-state region were invited to the symposium, which was held at New York University’s Tisch Hall.

This was a high powered event. Co-sponsored by NYU’s Business and Public Administration School, there was no shortage of heavy hitters. President Gerald Ford delivered the luncheon remarks, his topic being “The Future of International Trade.” I have mentioned his appearance on this space previously for two reasons. First, I got to shake his hand when he entered the room, so my day was already made. Second, my battle to avoid going to the bathroom that afternoon fell short. It happens when you drink six cups of coffee to offset the mere 45 minutes of sleep the morning before. Unfortunately, it happened during Ford’s remarks, and I was stunned to find three Secret Service agents follow me all the way to the men’s room and back.

Arthur Levitt Jr. was also there to deliver a speech on “The Future of Entrepreneurship.” At the time he was the chairman of the American Stock Exchange, but would eventually become the longest tenured chairman of the Securities and Exchange Commission (SEC). The chairpersons of PaineWebber and Monet Jewelers were also presenters. And of course, Mike Wallace was on hand to speak on the subject of “Media and the Business Community.”

The Home Group was the other co-sponsor of the event. In that year, Marshall Manley, a high powered New York attorney had been selected as the new chairman of the group, as well as its failing subsidiary, Home Insurance Company. Within one year of taking over, Manley brought the company from the ashes, turning a loss of more than $280 million into a gain of $230 million. Six years later, Manley sold the company for $1 billion and set up a new business called M82 Group, LLC, a private investment banking and consulting service. Not a bad decades worth of work.

I bring this point up because Manley served as the moderator that day, keeping the traffic moving and the panels on point. He must have served early notice because I remember Jeff Delutis, our group leader, requesting that I “not ask any questions.” The point was that there were panels in place to ask the questions and I was really there in the capacity of a college newspaper reporter and not a participant. Fine.

Anyhow, at 2:00 PM, Mike Wallace gets up to address his panel of five as well as an audience of several hundred. Honestly, I don’t remember much about his talk, except that it ended and that each member of the panel followed with a question.

But to my utter delight, the next statement got my immediate attention.

“We will now take questions from the members of the audience.”

Sorry Jeff.

I immediately threw my hand in the air and only had to wait for a couple of other questions to be recognized. Just like it was yesterday, I remember my question. It had to do with trusting the media, especially after the Janet Cooke episode. Since it has been a long time, let me reiterate. Janet Cooke was a reporter with the Washington Post, and in the mid-1980’s she wrote a series of pieces about a 9-year old crack addict living in the slums of Southeast DC. The shocking coverage won her a Pulitzer Prize. Only later, did the public learn that Cooke’s story was completely fabricated.

Wallace’s answer was forthright and direct. No, he couldn’t blame the public for losing trust in the media, and it was going to take them a long time to earn it back, and yes, they would have to EARN it.

So, thank you very much Mr. Wallace. I sat down, again satisfied with the events of the day.

Next question.

“Um. Mr. Wallace, what advice would you recommend to a college student who is aspiring to be a journalist?”

I could see Manley getting hot under the collar. The topic had been diverted.

“Mr. Wallace, I have a question about 60 Minutes…”

By now, Manley was incensed. He stood off and broke the questioner off at mid-sentence.

“Excuse me,” he began. This is supposed to be a forum about media and business. If your question is not about business, please do not ask it. I’m sure you understand Mr. Wallace.”
But the newsman wasn’t quite ready to finish. “Well, with all due respect Mr. Manley, I can’t imagine why you would think to invite me here and assume that no one would be asking me a question about my job. 60 Minutes is what I do for a living,” (roar from audience)

“I understand that Mr. Wallace. However, that is not our subject today, so again, if the audience members could just keep their questions to those dealing with business,” continued Manley.
Wallace replied with a smirk, “Well, I guess you consider this to be...your show” (louder roar)

My heart started racing. Oh my God...I got Mike Wallace into an argument!
<><> <><> <><>

Wallace, shown in the 1950's,
also hosted a variety show
for CBS.

This went on for a couple more verbal jabs before calmer heads prevailed. The panel ended and I bolted for the door. After all, was the day going to possibly get any better??? As I turned, I saw Jeff looking at me.

“That was awesome! Way to go.” Whew! Guess I wasn’t in trouble.


I waited in the hallway for a couple of minutes, and sure enough encountered Mike Wallace en route to getting his coat. In a fit of nervousness, I walked up to him and stuck my program in front of him.
“Mr. Wallace... I have admired your work for a long time. Great job today... Could you sign this?” Something like that, but surely as dopey.


He took the program to sign, looked at me with a knowing glance, and said “Thanks a lot.”
As he walked out into a waiting car (not a limo, more like a four-door K-car), I only hoped that he was really thanking me for putting a bit of excitement into what could have been a boring afternoon for him.

Rest in peace Mike Wallace, and thank YOU!