Wallace's career as the lead reporter on 60 Minutes led to some run-ins with the people interviewed and claims of misconduct by female colleagues.
While interviewing Louis Farrakhan, Wallace alleged that Nigeria was the most corrupt country in the world.
Farrakhan immediately shot back that Americans were in no moral position to judge, declaring "Has Nigeria dropped an atomic bomb that killed people in Hiroshima and Nagasaki?
Have they killed off millions of Native Americans?" "
Can you think of a more corrupt country?"
asked Wallace. "
I'm living in one," said Farrakhan.

Wallace interviewed General William Westmoreland for the CBS special The Uncounted Enemy: A Vietnam Deception that aired on January 23, 1982.
Westmoreland then sued Wallace and CBS for libel.
The trial ended in February 1985 when the case was settled out of court just before it would have gone to the jury.
Each side agreed to pay its own costs and attorney fees, and CBS issued a clarification of its intent with respect to the original story.

In 1981, Wallace was forced to apologize for a racial slur he had made about blacks and Hispanics.
During a break while preparing a 60 Minutes report on a bank that had been accused of duping low-income Californians, Wallace was caught on tape joking that "You bet your ass [the contracts are] hard to read if you're reading them over the watermelon or the tacos!"

Attention was again drawn to that incident several years later when protests were raised after Wallace was selected to deliver a university commencement address during a ceremony within which Nelson Mandela was awarded an honorary doctorate in absentia for his fight against racism.
Wallace initially called the protesters' complaint "absolute foolishness".
However, he subsequently apologized for his earlier remark and added that when he had been a student decades earlier on the same university campus, "though it had never really caused me any serious difficulty here ... I was keenly aware of being Jewish, and quick to detect slights, real or imagined.... We Jews felt a kind of kinship [with blacks]", but "Lord knows, we weren't riding the same slave ship."

Wallace's reputation has been retrospectively affected by his admission that he had harassed female colleagues at 60 Minutes over many years. "
Back in the 1970s and ’80s, 60 Minutes correspondent Mike Wallace was known for putting his hand on the backs of his female CBS News co-workers and unsnapping the clasps on their bras. '
It wasn't a secret.
I have done that', Wallace told Rolling Stone magazine in 1991."
In 2018, claims of sexual misconduct at 60 Minutes led to the resignation of executive producer Jeff Fager, who had overseen the news show for 36 years.
He resigned several months after a July 27 story by Ronan Farrow in The New Yorker.
Not only did Farrow's story accuse Fager of ignoring and enabling misconduct by several high-ranking male producers at 60 Minutes, but Farrow also cited former employees who accused Fager himself of misconduct.
Wallace's career as the lead reporter on 60 Minutes led to some run-ins with the people interviewed and claims of misconduct by female colleagues. While interviewing Louis Farrakhan, Wallace alleged that Nigeria was the most corrupt country in the world. Farrakhan immediately shot back that Americans were in no moral position to judge, declaring "Has Nigeria dropped an atomic bomb that killed people in Hiroshima and Nagasaki? Have they killed off millions of Native Americans?" "Can you think of a more corrupt country?" asked Wallace. "I'm living in one," said Farrakhan.
Wallace interviewed General William Westmoreland for the CBS special The Uncounted Enemy: A Vietnam Deception that aired on January 23, 1982. Westmoreland then sued Wallace and CBS for libel. The trial ended in February 1985 when the case was settled out of court just before it would have gone to the jury. Each side agreed to pay its own costs and attorney fees, and CBS issued a clarification of its intent with respect to the original story.
In 1981, Wallace was forced to apologize for a racial slur he had made about blacks and Hispanics. During a break while preparing a 60 Minutes report on a bank that had been accused of duping low-income Californians, Wallace was caught on tape joking that "You bet your ass [the contracts are] hard to read if you're reading them over the watermelon or the tacos!"
Attention was again drawn to that incident several years later when protests were raised after Wallace was selected to deliver a university commencement address during a ceremony within which Nelson Mandela was awarded an honorary doctorate in absentia for his fight against racism. Wallace initially called the protesters' complaint "absolute foolishness". However, he subsequently apologized for his earlier remark and added that when he had been a student decades earlier on the same university campus, "though it had never really caused me any serious difficulty here ... I was keenly aware of being Jewish, and quick to detect slights, real or imagined.... We Jews felt a kind of kinship [with blacks]", but "Lord knows, we weren't riding the same slave ship."
Wallace's reputation has been retrospectively affected by his admission that he had harassed female colleagues at 60 Minutes over many years. "Back in the 1970s and ’80s, 60 Minutes correspondent Mike Wallace was known for putting his hand on the backs of his female CBS News co-workers and unsnapping the clasps on their bras. 'It wasn't a secret. I have done that', Wallace told Rolling Stone magazine in 1991." In 2018, claims of sexual misconduct at 60 Minutes led to the resignation of executive producer Jeff Fager, who had overseen the news show for 36 years. He resigned several months after a July 27 story by Ronan Farrow in The New Yorker. Not only did Farrow's story accuse Fager of ignoring and enabling misconduct by several high-ranking male producers at 60 Minutes, but Farrow also cited former employees who accused Fager himself of misconduct.
Mike Wallace