StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash

StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash Standard Chartered CEO Bill Winters and his team spent Wednesday in damage-control mode after the head of the London-based international bank told investors on Tuesday that artificial intelligence would be used to replace "lower-value human capital," sparking a backlash online. "Many of you will have seen media coverage following the Investor Event in Hong Kong, particularly ...

By Tyler Durden