The CEO of Standard Chartered says he's sorry for his 'lower value human capital' comments

Bill Winters, the CEO of Standard Chartered, has expressed regret for his recent comments that sparked outrage, in which he referred to certain roles as "lower value, human capital" during a conversation about the impact of AI on the banking sector. In a LinkedIn post shared on Thursday, Winters acknowledged that his phrasing had upset some members of his team. To clarify his statements, he provided a complete transcript of his remarks, aiming to offer a clearer perspective on his views. In his explanation, Winters emphasized his respect for every employee, reaffirming the bank’s commitment to supporting its workforce as they navigate the challenges posed by rapid technological advancements.