New York's 'Fearless Girl' statue is moving to stock exchange

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Since its installation in March 2017, Fearless Girl has been embraced by New Yorkers and tourists alike as a symbol of defiant feminism.

"This once again is an example of wealth and power taking precedence over what is right and fair", he added, citing the city's apparent consultations with both State Street and the New York Stock Exchange, which issued its own news release on Thursday welcoming the "Fearless Girl" statue.

Visbal said she was "thrilled" the statue will remain in New York City, "inspiring global collaboration between genders for better decisions, and an improved environment at every strata of society".

The girl statue was commissioned by State Street Global Advisors, the fund management arm of Boston-based State Street, to call attention to the role of women in corporate America and its "gender diversity index" fund. "She is a potent symbol of the need for change at the highest levels of corporate America -- and she will become a durable part of our city's civic life".

"Our hope is that by moving closer to the NYSE she will inspire more companies to take action", Cyrus Taraporevala, State Street's president and CEO, told CNN. Its sculptor, Kristen Visbal, is happy to see it remain a Manhattan fixture.

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The famed "Fearless Girl" is moving from its current location in Bowling Green due to the permit expiring, according to State Street Corporation Media Relations Vice President Brendan Paul.

"The mayor felt it was important that the "Fearless Girl" be in a position to stand up to the bull and what it stands for", said Eric Phillips, the mayor's press secretary.

Charging Bull, which weighs 7,000lb, was created by the artist Arturo Di Modica, who installed it on its present spot without permission in 1989. But public support was so great that the city gave it a permanent home nearby.

Others were troubled by the origins of "Fearless Girl", arguing that the statue's feminist message was little more than an attempt by State Street Global Advisors to cover up a spotty record on pay equity. Visitors often step into the street while crowding around both Fearless Girl and the Bull to get the ideal picture.

In another twist, previous year State Street paid $5 million to settle allegations it underpaid female and minority employees.

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