'Fearless Girl' is leaving 'Charging Bull,' moving to a new home

Di Modica was not pleased when "Fearless Girl" appeared almost 30 years later, and in an emotional news conference last year threatened to go downtown and turn his bull around, so that it would no longer be facing the new statue.

The popular statue will be moved from the spot where it was installed previous year, opposite the "Charging Bull" sculpture in Lower Manhattan.

Fearless Girl is now moving to a new location facing the New York Stock Exchange, according to the office of New York Mayor Bill de Blasio. "We're grateful to State Street for their partnership in keeping the Fearless Girl here in New York City". It was originally commissioned by State Street Global Advisors (SSGA), in order to draw attention to its "gender diversity index" fund and highlight the role of women in the business world.

De Blasio called the statue "a powerful symbol of the need for change at the highest levels of corporate America". "SSGA President and CEO Cyrus Taraporevala said that "[SSGA's] hope is that by moving her closer to the NYSE she will encourage more companies to take action".

The new home is long-term and will help alleviate pedestrian concerns.

Di Modica claimed placing "Fearless Girl" directly opposite of his iconic statue had been done without his permission, and fundamentally changed the message he intended his work to convey. Its sculptor, Kristen Visbal, is happy to see it remain a Manhattan fixture.

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At a press conference a year ago, Di Modica told reporters that "Fearless Girl" tarnished the positive message of the bull, which is "a better America and a better world".

"The mayor felt it was important that the "Fearless Girl" be in a position to stand up to the bull and what it stands for", said Eric Phillips, the mayor's press secretary.

She told CNNMoney: "Fearless Girl [will] continue to inspire the global community regarding gender collaboration in every aspect of life".

Many were disappointed to find that State Street Global Advisors was behind a statue they believed had been spontaneously installed as a feminist statement free from corporate ties.

Fernando Luis Alvarez, the owner of a CT gallery where Di Modica shows his work, defended the bull as a symbol of optimism and said the meaning of the original had been distorted.

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

  • Adam Floyd