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- New Cyberattack Goes Global, Hits WPP, Rosneft, Maersk
- Deutsche Bank Said to Lose as Much as $60Mn Over Derivative Trade
- Dimon Says JPMorgan Headcount to Keep Rising Despite Automation
- RBS to Cut 443 Jobs In UK, Move Many of Them to India
- Deutsche Bank Bullish on London Despite Brexit
- Supreme Court Nears Finish With Big Cases, Retirement Rumors
- The Richest Person in Every State
- LPL Tabs Scott Seese, Former eBay Exec, as Chief Information Officer
- Fired Biglaw Associate Arrested for Trying to Extort Partners
- Canada's CIBC Completes $5Bn PrivateBancorp Buy
- Word ‘Women’ Literally Never Appears in U.S. Senate’s 142-Page Health-Care Bill
- Stephen Pierce, Goldman Sachs Global Head of Equity Markets, To Retire
- Al Gore 'Not Very Smart,’ But Became Filthy Rich Using Simple Investing Formula - Charlie Munger
- U.S. Regulators, Lawmakers Support Volcker Rule Revamp at Hearing
- Morgan Stanley Opts for Frankfurt as New EU Hub
- A New Risk for Goldman, Morgan Stanley in Stress Tests (subsc reqd)
- A Trump Bump for Law Firm of President’s Lawyer - Kasowitz Benson Torres
- JPMorgan, BofA, Goldman, Citi, Wells Fargo Pass Fed's Stress Test
- Blackstone Stock Still Trading at $31 - Its IPO Price From 10 Years Ago
- NJ Resident and NY-Based Global FX Club Charged with Solicitation Fraud, Misappropriation - CFTC
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NEWSLETTERS & ALERTS
That Ain’t No Bull: State Street Supports Gender Equality
[Photo: Bronze Statue of Girl in Front of the Iconic Wall Street Bull in downtown Manhattan - by Federica Balabrega]
State Street Global Advisors CEO Ron O’Hanley announced that his firm is taking a stand, front and center, in support of gender equality. On Tuesday, one day before International Women’s Day, the firm placed a bronze statue of a young girl by Kristen Visbal in front of the iconic Wall Street bull in downtown New York. It will remain in place for the month of March – “In like a lion, Out like a lamb.”
The Boston-based giant investment giant also adopted new guidelines to press the 3,500 public companies in which it invests to increase the number of women on their boards. In doing so, State Street points to some very telling statistics: (i) one out of every 4 Russell 3000 companies has no women on its board; and, (ii) nearly 60% have fewer than 15% of women directors on their boards.
State Street Corp. Chairman and CEO, Jay Hooley, trumpeted the parent company’s supporting position by posting on the internet the its State Street Policy on Equal Employment Opportunity.
February 6, 2017
At State Street, commitment to diversity is an essential element of our culture. We want our organization to mirror the clients and communities we serve. And we know that providing an environment that supports a diverse and inclusive workforce is both the right thing to do and smart business strategy. Toward that end, State Street maintains a global Equal Employment Opportunity (EEO) Policy that prohibits unlawful discrimination against employees and prospective employees. We also take seriously our obligations as a federal contractor to maintain an Affirmative Action Program (AAP) in the United States, under which we work to identify areas of underrepresentation for women, minorities, individuals with disabilities, and protected veterans. We then take good-faith, non-discriminatory steps to help increase the participation of these groups in our workforce.
Overall responsibility for administering the EEO Policy and the AAP is assigned to our global head of Employee Relations in Global Human Resources, who is also responsible for designing and implementing the audit and reporting system described below to monitor compliance with our obligations as a federal
contractor. With both of these initiatives, State Street’s objective is to ensure that personnel decisions are based on legitimate job requirements, and not on the basis of race, color, religion, creed, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status or any other protected characteristics. These policies cover all kinds of personnel matters, including recruiting, hiring, promotion, discipline, transfer, training, compensation, benefits and separation decisions.
[Click above link for State Street's complete Policy.]