The bronze statue, entitled "Fearless Girl," was installed a day ahead of International Women's Day. "Fearless Girl" is designed to call attention to a new initiative by the asset-manager to increase the number of women on their clients' corporate boards. "Today, we are calling on companies to take concrete steps to increase gender diversity on their boards and have issued clear guidance to help them begin to take action," Ron O'Hanley, president and CEO of SSGA said in a statement. "A key contributor to effective independent board leadership is diversity of thought, which requires directors with different skills, backgrounds and expertise."Diversity of thought is a good idea, but this won't get there. Switching from Yale-educated rich male Jews to Yale-educated rich female Jews doesn't change anything. If you really want diversity of thought, find some white Christian home-schoolers or black Christian grandmothers or former steelworkers of any color. Find people who have been RUINED by your corporations and banks. The pool is 90 million, so it shouldn't be hard.
SSGA invests in more than 3,500 companies in the U.S., UK and Australia. Altogether, it represents more than $30 trillion in market capitalization. O'Hanley detailed the initiative in a keynote speech delivered at the Corporate Governance Symposium on Tuesday. "Certain research shows that companies with greater levels of gender diversity have had stronger financial performance as well as fewer governance-related issues such as bribery, corruption, shareholder battles and fraud," he said.Fewer governance issues. Yahoo. Theranos. HP. Nuff said.
Polistra was named after the original townsite of Manhattan (the one in Kansas). When I was growing up in Manhattan, I spent a lot of time exploring by foot, bike, and car. I discovered the ruins of an old mill along Wildcat Creek, and decided (inaccurately) that it was the remains of the original site of Polistra. Accurate or not, I've always liked the name, with its echoes of Poland (an under-appreciated friend of freedom) and stars. ==== The title icon is explained here. ==== Switchover: This 2007 entry marks a sharp change in worldview from neocon to pure populist. ===== The long illustrated story of Polistra's Dream is a time-travel fable, attempting to answer the dangerous revision of New Deal history propagated by Amity Shlaes. The Dream has 8 episodes, linked in a chain from the first. This entry explains the Shlaes connection.