BOSTON (AP) — The financial services firm behind Wall Street’s “Fearless Girl” statue has agreed to pay $5 million to settle federal allegations that it paid female executives less than their male counterparts.
The agreement followed a U.S. Department of Labor probe into Boston-based State Street Corporation.
Investigators said their analysis concluded that State Street had paid female executives less in base pay, bonus pay and total compensation than similarly-situated males in the same positions.
A spokeswoman for the company said Thursday State Street disagrees with the analysis but opted to bring the six-year-old matter to a resolution and move forward.
In a statement the company said it’s “committed to equal pay practices and evaluates on an ongoing basis our internal processes to be sure our compensation, hiring and promotions programs are nondiscriminatory.”
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