A new statue of a resolute young girl staring down Wall Street’s famous Charging Bull was erected by a major asset managing firm for International Women’s Day to make a point: There’s a dearth of women on the boards of the largest U.S. corporations.
State Street Global Advisors, the Boston-based investment giant, had the statue created to push companies to increase the number of women directors.
Artist Kristen Visbal’s “Fearless Girl” drew crowds Wednesday that initially came to pose for pictures with the bull, but the novelty quickly became a New York hot spot.
The girl is sculpted in bronze, her hands firmly planted on her waist, ponytailed head held high.
“Know the power of women in leadership. SHE makes a difference,” reads a plaque at her feet.
“As a steward of nearly $2.5 trillion of assets, we want to engage with boards and management around issues that we think will drive core results,” said Lori Heinel, State Street’s deputy global chief investment officer. “And what you find repeatedly is having more diverse boards and more diverse senior management will actually drive better results for companies.”
MORE: ‘Fearless Girl’ statue stares down Wall Street’s iconic bull
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