Veteran 60 MINUTES reporter Mike Wallace will stop being a regular correspondent on the legendary TV news show after 38 years on the job. The 87-year-old was careful not to say he's fully retiring and will still appear occasionally on the show. CBS News President Sean Mcmanus referred to him as a "correspondent emeritus" saying, "It is clear an era is coming to a close at television's leading newsmagazine." The reporter has said for years that he would like to cut back on the amount of stories he was working on, but his competitive nature made it difficult for him to stop working. Wallace says, "I've often replied, when asked, 'I'll retire when my toes turn up.' Well, they're just beginning to curl a trifle, which meant that, as I approach my 88th birthday, it's become apparent to me that my eyes and ears, among other appurtenances, aren't what they used to be."