# Prof. Charles Murphy on the ties between large bonuses and scandals on Wall Street

1 Faculty News July 18, 2012 ![NBC logo](/sites/default/files/styles/246w/public/assets/images/con_031344.jpg?itok=IYZi1zrg)>

Excerpt from [NBC News](http://marketday.msnbc.msn.com/_news/2012/07/18/12793197-big-bonuses-seen-leading-to-current-wall-street-scandals?lite) -- "[Murphy](http://www.stern.nyu.edu/faculty/bio/charles-murphy) also said the planned 'clawback' of millions of dollars in bonuses from executives and employees at JPMorgan involved in the bank's misguided trading strategy could go a long way toward changing attitudes on Wall Street."

[Read more](http://marketday.msnbc.msn.com/_news/2012/07/18/12793197-big-bonuses-seen-leading-to-current-wall-street-scandals?lite)