StanChart CEO Apologizes for ‘Lower-Value Human’ Comments (1)

Standard Chartered Plc Chief Executive Officer Bill Winters apologized for his comments earlier this week about how artificial intelligence will affect “lower-value human capital,” after such remarks spurred public backlash.

Winters wrote in a LinkedIn post on Friday that he recognized his “choice of words” has “caused upset to some colleagues.” “For that I am sorry,” he added.

The note came just hours after Winters doubled down on his remarks in a separate LinkedIn post. He wrote that the bank has for many years invested in helping staff whose roles have been upended by automation.

Bill Winters

Photographer: Chris J. Ratcliffe/Bloomberg

“In that context, ...