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Mike Wallace

PHILADELPHIA--Student government officials at the University of Pennsylvania decided this month to retain Mike Wallace. CBS News correspondent, as Ivy Day speaker, following a meeting in which Wallace apologized for allegedly racist remarks he made during a taping of a "60 Minutes" interview last month.

Student leaders protested the December decision to invite Wallace when "a controversy started brewing" in January over Wallace's alleged remarks. Mike O'Connell, a press spokesman at Penn said yesterday.

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