The world's third largest asset manager just installed a bronze statue of a defiant girl in front of Wall Street's iconic charging bull as part of its new campaign to pressure companies to add more women to their boards.
State Street Global Advisors, a nearly $2.5 trillion investor and unit within State Street Corp., is rolling out the campaign ahead of International Women's Day on March 8.
The huge money manager said it will vote against boards if a company fails to take steps to increase its female membership. The company plans to send out a letter to 3,500 companies on Tuesday asking the companies to take action.
State Street is a huge player in the index fund world, managing about 90% of its assets in passive funds, which are often investing in companies held in the Russell 3000 and FTSE.
