From Bloomberg:
Greenpeace Loses 3.8 Million Euros in Failed Currency Wager
Add Greenpeace International to the ranks of losers in the $5.3 trillion-a-day global foreign exchange market.
The Amsterdam-based nonprofit organization said it lost 3.8 million euros ($5.2 million) last year after an employee bet that the euro wouldn’t strengthen against other currencies, Greenpeace said on its website. Greenpeace, which runs environmental campaigns in more than 40 countries, didn’t name the employee, who worked in its international finance unit and has been relieved of his position.
A bit more:
The loss added to Greenpeace’s 6.8-million-euro 2013 budget deficit. Greenpeace said it had income of 72.9 million euros in 2013 out of a global budget of about 300 million euros.
Good to see them having funding problems. They used to do good science but are now just another agenda-driven juggernaut.