"Fearless girl" is still removed from wall Street

Not Released

Not Released

The "Fearless Girl" will be moved from her spot staring down the "Charging Bull" by the end of the year, the mayor's office said.

"Fearless Bull's sculptor, Arturo Di Modica, called the statue of the empowered girl an "advertising trick" not truly meant for women's empowerment".

On Thursday, New York Mayor Bill de Blasio and financial firm State Street Global Advisors-which commissioned Fearless Girl-announced the figure is relocating outside of the New York Stock Exchange, facing the building, the New York Daily News first reported.

The "Fearless Girl" statue has found a new home in Manhattan.

State Street Global Advisors President and CEO Cyrus Taraporevala said in a statement that the statue has been accompanied with an effort on the part of the companies in which State Street invests to hire and promote more women to their corporate boards. 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.

"The Bull will nearly certainly be moved and will very likely wind up reunited with 'Fearless Girl, ' " de Blasio's spokesman, Eric Phillips, wrote on Twitter.

'The placement was really for a very specific reason and a call to action, to holding stocks in our portfolios to increasing gender diversity - because of all the research that's been done by countless organizations that shows greater gender diversity leads to better results'.

Kristen Visbal, the sculptor, told CNN that she is "thrilled" that the statue will remain in New York City.

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

That's not the only controversy Fearless Girl has weathered. Police removed the statue, which didn't have a permit.

The famous bull, which is a symbol of the American financial resilience in the wake of the 1987 stock market crash, will eventually be moved as well, in consideration to visitors safety on the median in the busy street. He could not immediately be reached to comment on the possibility that "Charging Bull" may move.

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