Firm Behind Fearless Girl Statue Settles Discrimination Case
The financial services firm behind Wall Street’s famous ‘Fearless Girl’ statue has settled a discrimination claim for $5 million. As many as 305 of its top female employees and 15 of its Black vice-presidents alleged they were being paid less than their White male colleagues.
The firm, State Street, had installed the ‘Fearless Girl’ statue in front of the iconic “Charging Bull” statue a day before International Women’s Day.
Even though the firm denies the allegation, it still settled and pay the amount. It did not admit guilt
In a statement, the company said it is “committed to equal pay practices and evaluates on an ongoing basis our internal processes to be sure our compensation, hiring and promotions programs are nondiscriminatory”.
Officials started evaluation of State Street in late 2012 and the discrimination is said to have gone on from December 2010.
The firm had installed the statue to celebrate “the power of women in leadership, and the potential of the next generation of women leaders”.
Twitter has pointed out how hypocritical it is for the firm to have installed the statue and then discriminated against its own female employees
The creator of Wall Street’s famous Charging Bull statue wants the Fearless Girl statue removed. The girl statue was placed near the bull during the International Women’s Day celebrations. The Italian-born Arturo Di Modica says that the girl statue is a copyright violation, which changes the artistic meaning of his statue.
His lawyers say that city officials did not follow a proper procedure when choosing to grant the permit, which would allow the statue to remain on Wall Street for a year.
Perfect. Federal audit finds company behind "Fearless Girl" discriminated against 300 female senior employees: https://t.co/EJlBXZ4QFI
— Daniel Dale (@ddale8) October 5, 2017
Reminder that the only thing "Fearless Girl" represents are the corporate interests of State Street Corp, a multi billion dollar firm https://t.co/ADeiehQacB
— TJ Welch (@tjwelchofficial) October 6, 2017
So does this mean that everything the fearless girl stood for has been taken away?