Standard Chartered Bank CEO, Bill Winters took up the position in June 2015 and a month later unveiled a plan to axe 1,000 of the 4,000 top management jobs. Cost cutting at StanChart is not a new initiative as Winters predecessor, Peter Sands in January 2015 announced 4,000 job cuts and an exit from unprofitable business sectors. Analysts rightly considered the measures as “too little too late” a sentiment which must have been shared by the board as they announced Winter’s ap