Great call to action by State Street Global Advisors yesterday: Placing a bronze statue of a young, determined girl to stare down the sculpture Charging Bull, a long-standing symbol of Wall Street (in Bowling Green Park in Lower Manhattan). It’ll serve as a reminder of the progress that has been made, and the work that we have yet to do.
As Forbes reported, State Street Global Advisors called on thousands of companies to increase the number of women on their corporate boards. It has been reported that 25% of Russell 3000 companies have no women on their board of directors, and women comprise less than 15% of the boards of directors of nearly 60% of Russell 3000 companies.
“One of the most iconic images on Wall Street is the charging bull,” Lori Heinel, State Street’s deputy global chief investment officer, told Business Insider. “So the idea of having a female sort of stand against the bull or stand up to the bull just struck us as a very clever but also creative and engaging way to make that statement. Even though it’s a little girl, her stance is one of determination, forwardness, and being willing to challenge and take on the status quo.”