Chris Hughes, Columnist

Even Bankers Have to Listen to Their Inner Human

Bill Winters

Photographer: Paul Yeung/Bloomberg

A few years ago the world might have moved on after Standard Chartered Plc boss Bill Winters referred to job cuts as replacing “lower value, human capital” with “financial” and “investment capital” through technology. But it’s 2026 and everyone is obsessed with the impact of artificial intelligence on white-collar workers. Winters’ remarks risk overshadowing everything positive he wanted to say about the bank at an investor update on Tuesday. Worse, they may follow him around for a while.

The former JPMorgan Chase & Co. banker seems to have fallen into the trap that has caught out so many business executives before him: failing to see beyond his immediate context. He was speaking to the media, but the event in question was a scheduled update for financial analysts and investors. The place where you’re delivering a message in the here and now is a powerful force in determining what persona you present.