Greenpeace Loses Millions, Blames Rogue Employee, Currency Hedge Gone Wrong

Greenpeace has suffered a 3.8 million-euro ($5.2 million) loss on an ill-timed bet in the currency market by a well-intentioned — if reckless — employee in its financial unit. The employee was fired for ignoring rules, not for the loss itself, which — although sizeable compared with donor contributions — amounts to a fraction of the organization’s annual revenues of around 300 million euros. Read more here  12:50