The ABC reported:
Greenpeace has fired an employee who lost the environmental charity $5.47 million in a failed gamble on international currency markets.
Greenpeace communications director Mike Townsley said the unnamed employee “went above his authority” in agreeing the deal with a broker who was meant to mitigate currency losses for the charity.
So Greenpeace does play the currency markets – this staffer just went too far.
So $5.5 million of donations flushed down the drain.
Greenpeace, known for its militant anti-drilling campaigns at oil rigs in the Arctic, has a total annual budget of about $432 million.
They are a very large multi-national. That’s a bigger turnover than many of the companies they target