Wall Street's Newest Statue Is Small But Makes A Big Statement

The statue was placed by State Street Global Advisors the day before International Women's Day.
Wall Street's Newest Statue Is Small But Makes A Big Statement

This statue is standing up to Wall Street's diversity problem.

The statue of a little girl — placed by State Street Global Advisors — is a physical alternative to proposals or initiatives. It's staring down the Wall Street Bull.

Wall Street firms have a history of not employing women for leadership positions. The number of female hedge fund managers is about 2 pecent.

Women in the industry say there's rampant sexism and abuse.

But research says putting women in those positions can actually help increase profit.

Firms with women at the helm had a return on equity 2.7 percentage points higher than those that didn't.

As of mid-2016, no major investment banks hired a woman as chief executive.

The statue also has a more literal message: demanding more women on corporate boards of 3,500 companies.

Featured Stories
Senate Democrats

Trump Might Need Democrats' Support For Tax Reform

President Donald Trump

Trump Won't Ditch NAFTA Just Yet

Facebook CEO Mark Zuckerberg

The Infant Killing On Facebook Live Highlights A Broader Problem