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(Avalon acknowledged the existence of "isolated incidents" and, in a press release, said it would institute changes.
He said he would seek to institute changes at the committee to bring "fiscal sanity back to our budgeting process".
It is possible that other lenders could institute changes, especially because rivals have followed JPMorgan's lead in recent years.
Mr. Zucker is not the first executive who has vowed to institute changes in entrenched areas like sweep months and program costs.
"The main point I have is that we learn from this experience and hopefully institute changes to prevent this from happening again," he said.
But Dr. Jerant and his fellow investigators believe that such research could have important implications, particularly as politicians and policy makers attempt to institute changes.
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In 1965 the institute changed its name to Rockefeller University.
At 78, the crown prince probably does not have long to institute change after King Fahd dies.
No one is quite certain how much freedom the president has to institute change.
"If they want to institute change it really cannot come from, specifically, an outsider.
Orders from above can't institute change: "if it's not demanded, then it won't be produced," he says.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com