The Human Cost of Progress Standard Chartered's boss, Bill Winters, has apologized for referring to thousands of staff set to lose their jobs as "lower value human capital.
" His comments sparked outrage, highlighting the stark contrast between corporate language and the harsh realities faced by ordinary people. Winters' apology rings hollow.
He offered it after a barrage of negative feedback on LinkedIn, but his words are carefully calibrated to minimize damage while preserving the bank's narrative about technological change.