2017, State Street Global Advisors commissioned a statue called Fearless Girl by Kristen Visbal and placed it temporarily in the Financial District, Manhattan, in front of the Wall Street icon Charging Bull. The statue is an advertisement for an index fund which comprises gender diverse companies that have a higher percentage of women among their senior leadership. While some have seen it as an encouragement of women in business, some women criticized the statue as "corporate feminism" that violated their own feminist principles. In October 2017, the company paid $5 million to settle a lawsuit charging that it had paid certain female and black executives less than their male and European-American peers. Climate Change State Street announced in January 2020 that State Street Global Advisors will vote against directors of companies in major stock indices that do not meet targets for environmental, social and governance changes. According to Morningstar Proxy Data, State Street, "supported a majority of the climate-related disclosure requests that shareholders placed on the ballot," during the 2020 proxy season. Financials See also State Street Bank & Trust Co. v. Signature Financial Group, Inc. is a case in which the United States Court of Appeals for the Federal Circuit ruled on July 23, 1998, that a computer algorithm can be patented to the extent that it produces "a useful, concrete and tangible result". References External links Archives and records State Street Bank records at Harvard Business School. 1792 establishments in Massachusetts Banks based in Massachusetts Companies based in Boston Financial services companies established in 1792 Companies listed on the New York Stock Exchange Systemically important financial institutions American companies established in 1792