The CEO of Standard Chartered says he's sorry for his 'lower value human capital' comments
Standard Chartered's CEO walked back controversial AI comments after backlash over his "lower-value human capital" remark. Bloomberg/Getty Images Standard Chartered's CEO apologized for describing some workers as "lower-value human capital." Bill Winters' comments this week sparked a debate about companies' approach to staff in the AI age. Winters shared a full transcript of his comments and said they were about investment, not cost-cutting. Standard Chartered CEO Bill Winters apologized for his "choice of words" after facing backlash for describing some jobs as "lower value, human capital" during a discussion about AI-driven changes at the bank. In a LinkedIn post on Thursday, Winters said his remarks had "caused upset to some colleagues" and shared a full transcript of what he said to provide a "better understanding" of his comments. Winters added that the transcript showed he valued "all" employe...
