In this March 22, 2017 photo, the Charging Bull and Fearless Girl statues face each other on Lower Broadway in New York. Since 1989, the bronze bull has stood in New York City’s financial district as an image of the might and hard-charging spirit of Wall Street. But the installation of the bold girl defiantly standing in the bull’s path has transformed the meaning of one of New York’s best-known public artworks. Pressure is mounting on the city to let the Fearless Girl stay. (AP Photo/Mark Lennihan)
New York Mayor Bill De Blasio announced Sunday that theFearless Girlsculpture – which State Street Global Advisors installed earlier this month opposite the iconicCharging Bullstatue in celebration of International Women’s Day – can stay in New York City’s financial district through February 2018.
“In her short time here, theFearless Girlhas fueled powerful conversations about women in leadership and inspired so many,” De Blasio said in a statement. “Now, she’ll be asserting herself and affirming her strength even after her temporary permit expires – a fitting path for a girl who refuses to quit.”
The bronze, Kristen Visbal-designed sculpture, which was expected to be removed from Bowling Green Park on April 2, will stay under the New York City Department of Transportation art program following support from political leaders and the generic public.
“We would like to thank Mayor Di Blasio and the people around the world who have responded so enthusiastically to what the Fearless Girl represents — the power and potential of having more women in leadership,’’ Ron O’Hanley, president and chief executive of State Street Global Advisors, said in a statement. “We are thrilled that she can continue to share her positive message and inspire the next generation of women leaders.”
Public supporters will gather today to campaign to keepFearless Girla permanent fixture in New York.
“The importance of empowering women is not temporary, and Fearless Girl must become a permanent fixture in our city as a reminder to all women that no dream is too big and no ceiling is too high,” New York City Public Advocate Letitia James said in a statement.
Not everyone is a fan of theFearless Girl, however.
Arturo De Modica, the Italian-born sculptor of theCharging Bullhas called for the removal ofFearless Girl, labeling her an “advertising trick.” He has threatened to sue the city ifFearless Girlis not removed by April 2.
“I put it there for art,” De Modicatold MarketWatch. “My bull is a symbol for America. My bull is a symbol of prosperity and for strength.”
In conjunction with International Women’s Day, State Street Global Advisors, the asset management business of State Street Corporation,installed a bronze statue of a determined young girlin Bowling Green Park in Lower Manhattan. Earlier this month, State Street called on over 3,500 companies with an aggregate market capitalization of $30 trillion, to increase the number of women on their corporate boards.
According to State Street, although there has been progress regarding the inclusion of women on corporate boards, one of four Russell 3000 companies has no women on its board of directors, and women comprise less than 15% of the boards of directors of nearly 60% of Russell 3000 companies.
The next question is whether this fearless girl can stay beyond next year and stare down the charging bull forever.