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Greenpeace Loses Its Shirt After Senior Employee Bets on Currency Markets
http://www.nationofchange.org/greenpeace-loses-its-shirt-after-senior-employee-bets-currency-markets-1404743774
Greenpeace has fired an employee for betting 3.8 million euros ($5.15 million US dollars) and losing them on international currency markets.
The losses were the result of an employee from the international financial unit who ‘acted beyond the limits of their authority and without following proper procedure.” Greenpeace said this was the result of a ‘serious error of judgment.”
The sapience of this particular employee is being independently audited by the Greenpeace International Board so that they can determine how the transaction took place, and how internal procedures can be improved to prevent something like this from happening again in the future.