State Street Corporation, which denies the Labor Department’s claims, has agreed to pay $5 million to settle allegations of compensation discrimination.
NYS Entity Status
NYS Filing Date
JANUARY 03, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN BUSINESS CORPORATION
2013 - COLORADO FINANCIAL SERVICE CORPORATION
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BOSTON (AP) — The financial services firm behind Wall Street's "Fearless Girl" statue 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 that State Street disagrees with the analysis but opted to bring the six-year-old matter to a resolution and move forward.