'Fearless Girl' Statue Will Face Down Stock Exchange, Not 'Charging Bull'

'Fearless Girl' Statue Will Face Down Stock Exchange, Not 'Charging Bull'

'Fearless Girl' Statue Will Face Down Stock Exchange, Not 'Charging Bull'

Shortly after Fearless Girl appeared, ...

De Blasio and State Street said the move will be "long-term", and completed by the end of the year.

Crowds of locals and tourists, including many young girls, have visited Wall Street to pose with the statue, imitating her stance and confidence.

More than 150 companies have added a woman to their boards since "Fearless Girl" was installed, according to recent reports. "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", de Blasio said in the statement.

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"I'd love it if she could stare down the Charging Bull for the rest of time; but even if she can't, I'm glad she will stay in the neighborhood and remind those who pass by the Stock Exchange that it's past time for companies to put more women in boardrooms and in charge", Manhattan Borough President Gale Brewer said. It is also considering whether to move the Charging Bull as well because of pedestrian safety concerns. Visitors often step into the street while crowding around both Fearless Girl and the Bull to get the flawless picture. Its sculptor, Kristen Visbal, is happy to see it remain a Manhattan fixture.

Arturo Di Modica installed his Charging Bull sculpture in the financial district in the late 1980s, putting the large statue in place overnight, without a permit. "My bull is a symbol for America". The police at the time said it was a traffic obstruction; it was later moved to its current location.

But the statue's popularity led de Blasio to give Fearless Girl a full year at the site.

If the bull were to be moved to the area in front of the stock exchange, it would be a return of sorts: Di Modica originally placed his artwork there under cover of night.

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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.

Lori Heinel, deputy global chief investment officer for State Street Global Advisors, told CNN's Maggie Lake on Thursday that her company has been working with the city for a year to find a more permanent home for the statue.

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

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