The financial services firm behind Wall Street's "Fearless Girl" statue agreed to pay $5 million to settle federal allegations that it paid female executives less than their male counterparts.
The agreement followed a U.S. Department of Labor probe into Boston-based State Street Corporation.
Investigators said their analysis concluded that State Street had paid female executives less in base pay, bonus pay and total compensation than similarly situated males in the same positions.
A spokeswoman for the company said Thursday that State Street disagrees with the analysis but opted to bring the six-year-old matter to a resolution and move forward.
In a statement the company said it is "committed to equal pay practices and evaluates on an ongoing basis our internal processes to be sure our compensation, hiring and promotions programs are nondiscriminatory."
The agreement calls on State Street to pay $5 million into a fund for 305 female executives and 15 black executives, which the investigation also found had been paid less than similarly situated white employees in the same positions.
Artist Kristen Visbal's "Fearless Girl" statue of a girl with her hands on her hips was commissioned by State Street Global Advisors, a division of State Street Corporation, and placed on a traffic island facing Wall Street's "Charging Bull" statue on March 7.
The work was embraced by tourists and others as a symbol of female empowerment, though some critics have questioned the motives of State Street, which has said the statue was intended "to celebrate the power of women in leadership and to urge greater gender diversity on corporate boards."
6 recipients named for Life Achievement Awards from Society of Camera Operators
The Society of Camera Operators (SOC) has announced the recipients of the upcoming Society of Camera Operators Lifetime Achievement Awards. Recipients will be presented and honored during the SOC Awards on February 15, 2025, at the Loews Hollywood Hotel.
SOC president Matthew Moriarty shared, “This year’s honorees represent an exceptional level of skill, dedication, and artistry. From broadcast to film, unscripted television to still photography, these individuals have made significant contributions to their craft and helped shape the stories that captivate audiences. We are proud to recognize their talent and celebrate their careers.”
The Lifetime Achievement Awards are given in recognition of outstanding achievement by an established person within the field of film and video production. The honorees of the Lifetime Achievement Awards were nominated in six categories including: Camera Operator Film and Television, Camera Operator Broadcast & Live, Camera Technician, Mobile Platform Camera Operator, Still Photographer, and (new) Camera Operator Unscripted.
The recipients are:
--Still Photographer – Zade Rosenthal
--Camera Operator Film & Television – Bonnie Blake, SOC
--Mobile Camera Platform Operator – Tim Christie
--Camera Technician – Jamie Felz
--Camera Operator Broadcast & Live – Larry Heider
--Camera Operator Unscripted – John Armstrong
Submissions are now open for the Camera Operator of the Year Award, which honors operators in Feature Film and Television, with a deadline of December 31, 2024. Final nominees will be selected by SOC voting members, with winners announced at the awards ceremony in February. The Technical Achievement Award, recognizing innovative... Read More