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Published: Thu, March 09, 2017
Economy | By Melissa Porter

'Fearless girl' stares down the iconic Wall Street bull

'Fearless girl' stares down the iconic Wall Street bull

On Women's Day, a new defiant statue of a little girl was placed opposite the raging bull in front of Wall Street firm on Tuesday.

As International Women's Day dawns, State Street Global Advisors, which Business Insider says is the world's third-largest asset manager with almost $2.5 trillion under its direction, is making a point. The bronze statue is also a representation of State Street wants the statue to represent their call to action for 3,500 companies and their shareholders to increase the amount of women in leadership positions and on corporate boards.

You've probably seen a picture of this sculpture a lot today across your social media feeds from people celebrating International Women's Day.

"Fearless Girl" was installed in collaboration with NYC officials and is expected to remain there for about a month.

Women hold fewer than 20 percent of corporate board seats in S&P 500 companies, according to Catalyst. In December 1989, artist Arturo Di Modica and a small band of co-conspirators lowered the bronze beast to Broad Street in front of the Stock Exchange in the middle of the night in a guerilla stunt.

She told The Wall Street Journal that the inspiration behind the girl was a combination of a 9-year-old Latina girl and the daughter of a friend.

Jill Mavro, head of strategic relationship group at State Street Global Advisors, says: "It's time to improve gender diversity in corporate America".

The 4-foot tall statue, a temporary piece, is a call for more women leaders in business.

Heinel points to State Street's own record at voting against companies where it had concerns about director tenure as evidence that the money manager is willing to follow through on its newer gender initiative.

According to Adweek, the statue, which was created by artist Kristen Visbal, will stay at the location for at least a week.

It's a powerful image, of a young girl defiantly staring down a bronze bull on Wall Street. The symbolic statue also addresses the gender gap and places a focus on strengthening the next generation. Most famously, the bull was corralled for years after Occupy Wall Street protestors-denouncing the financial industry's influence and greed-settled into nearby Zuccotti Park in 2011.

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