Thursday , June 17 2021

Statue of the Fearless Girl Gets a New House – Looking Down at NY Stock Exchange



O Fearless girl is making her stay out of the very temple of American capitalism.

The hands-on-hips statue that has spent most of the last two years looking down from Wall Street Charging bull sculpture, becoming a brave symbol of female empowerment, was revealed Monday in its new permanent home across from the New York Stock Exchange.

"We are honored to receiveFearless girl to the same point that has captured the minds of business leaders, innovators and entrepreneurs, "said Betty Liu, executive vice president of the stock exchange, at a ceremony to reintroduce the 4-foot-tall statue. You're among friends here on the New York Stock Exchange. "

Having a young woman in a place of great mastery and male power is attractive because now it seems to me that women are still invisible.– Setha Low, University of the City of New York

The statue was commissioned by the Boston State Street Global Advisors state fund as a way to push for more women on corporate boards. It was originally positioned opposite the Charging bull, on a traffic island near the tip of Manhattan, but was removed last month, in part because the crowd of admirers around the sculptures was creating a danger.

Fearless Girl originally stood in front of the Charging Bull statue in New York's financial district. (Bebeto Matthews / Associated Press)

The bull will eventually join Fearless girlclose to the stock exchange, but no date for the move was given.

State Street CEO Cyrus Taraporevala said companies with female directors on their boards "tend to be better run."

"So for us, advocating for gender diversity is not part of a political agenda. It's about our long-term performance agenda. It's value, not value," he said.

Taraporevala said that 301 companies that State Street identified as having no women on their boards added at least one Fearless girl made its debut in March 2017. The 11-member board of State Street has three women, according to its website.

The statue was originally planned as a temporary exhibit but quickly gained a fan base among tourists and locals queuing up to take pictures with her.

Shriya Gupta of Cherokee, N.C., poses with the Fearless Girl. (Mark Lennihan / Associated Press)

"She really captivated all New Yorkers," said Rep. Carolyn Maloney, a Democrat from Manhattan. "The New Yorkers really did not want to see her go."

Now, Maloney said, "instead of facing the bull, it will be facing all business here in the center and the business capital for America."

Visitors to the stock exchange said they were happy to see Fearless girl over there.

"She's out for battle," New Yorker Theresa Smith, 45, said. "When you think about the stock market, we're talking about money, we're talking about New York, we're talking about capital and it's going to the top and it's on the way."

Cities struggling with monuments

The reinstallation of Fearless girl comes as New York, like other US cities, is dealing with questions about whether its monuments are really representative.

There are only five statues of real historical women in public places in the city; Authorities announced last month that a memorial to pioneer congresswoman Shirley Chisholm will be the sixth.

"Having a girl in a place of great power and male dominance is appealing because it now seems to me that women are still invisible," said Setha Low, a professor of anthropology at the Graduate School of the City University of New York.


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