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The statue was praised as an empowering feminist sculpture that promoted gender equality, but now the company behind it, State Street Corp., has agreed to pay over $5 million to 300 women and 15 black employees over allegations they were paid less than their white, male counterparts, reports the New York Post. The $2.6 trillion […]

BY Michael Grothaus

The statue was praised as an empowering feminist sculpture that promoted gender equality, but now the company behind it, State Street Corp., has agreed to pay over $5 million to 300 women and 15 black employees over allegations they were paid less than their white, male counterparts, reports the New York Post. The $2.6 trillion asset management company was found to have a “statistically significant disparity in compensation” between female, black, and white male employees, an audit by the U.S. Department of Labor’s Office of Federal Contract Compliance Programs found. Though State Street Corp agreed to settle, the company has denied the allegations.

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ABOUT THE AUTHOR

Michael Grothaus is a novelist and author. He has written for Fast Company since 2013, where he's interviewed some of the tech industry’s most prominent leaders and writes about everything from Apple and artificial intelligence to the effects of technology on individuals and society. More


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