MSU president M. Peter McPherson fired Perles before the end of the 1994 season, and ordered the Spartans to forfeit their five wins for that season, resulting in Michigan State's second official winless season of the modern era.
After his government service in the Ford administration, he worked in private law practice as managing partner of the Washington office of Vorys, Sater, Seymour and Pease, an Ohio law firm.
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After his service in the Reagan administration, McPherson worked for Bank of America from 1989 to 1993 managing $600 million as the bank's executive vice president.
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She served as Michigan State's interim president during the period from May 2003 to May 2004 that then-President M. Peter McPherson served as a representative of President George W. Bush in the reconstruction of Iraq following the toppling of Saddam Hussein's government.