Bank Boss Apologizes for ‘Lower-Value Human Capital’ Comment
Corroborated by 3 sources from 3 publishers
TL;DR
Reports differ across sources; according to theguardian.com, the chief executive of Standard Chartered has apologised for referring to some of the almost 8,000 staff that are set to lose their jobs to artificial intelligence as “lower-value human capital”.
Sources
1
The Guardian (World)
https://www.theguardian.com/business/2026/may/22/standard-chartered-boss-apologises-for-lower-value-human-capital-comments-amid-job-cuts
2
Dow Jones U.S. Business
https://www.wsj.com/business/bank-boss-apologizes-for-lower-value-human-capital-comment-36f837d5?mod=pls_whats_news_us_business_f
3
BBC News
https://www.bbc.com/news/articles/c98rqld1j3yo?at_campaign=rss&at_medium=RSS
4
BBC News
https://www.bbc.com/news/articles/c98rqld1j3yo?at_campaign=rss&at_medium=RSS