Supermodel 'rejects dollar pay'
Supermodel 'rejects dollar pay'
Supermodel 'rejects dollar pay'
The world's richest model has reportedly reacted in her own way to the sliding value of the US dollar - by refusing to be paid in the currency.
Gisele Bündchen is said to be keen to avoid the US currency because of uncertainty over its strength.
The Brazilian, thought to have earned about $30m in the year to June, prefers to be paid in euros, her sister and manager told the Bloomberg news agency.
However, Ms Bündchen, 27, declined to comment on her pay arrangements.
Last week the dollar hit an all-time low against the euro, the British pound and the Canadian dollar.
According to Brazil's weekly magazine Veja, when Ms Bündchen signed a deal to represent Pantene hair products, she demanded that the brand owner, Proctor & Gamble (P&G), paid her in euros.
P&G was reported as saying that it could not comment on details of the contract.
There are also reports that she will be paid in euros for a deal with Dolce & Gabanna to promote its The One fragrance.
"Contracts starting now are more attractive in euros because we don't know what will happen to the dollar," Patricia Bündchen told Bloomberg.
'Still negative'
Last month, billionaire investor Warren Buffett said that he was not confident about the strength of the dollar.
"We are still negative on the dollar relative to most other currencies so we bought stocks in companies that earn their money in other currencies," he said of his Berkshire Hathaway investment vehicle.
And last week, Jim Rogers, a former investor partner of George Soros, said that he was selling his home and all his possessions to buy Chinese currency, the yuan.
The dollar has slipped amid US interest rate cuts which have been trimmed to 4.5% after standing at 5.25% in September.
This means that investors are looking to buy other currencies that will give a higher rate of return.
http://news.bbc.co.uk/1/hi/business/7078612.stm
The world's richest model has reportedly reacted in her own way to the sliding value of the US dollar - by refusing to be paid in the currency.
Gisele Bündchen is said to be keen to avoid the US currency because of uncertainty over its strength.
The Brazilian, thought to have earned about $30m in the year to June, prefers to be paid in euros, her sister and manager told the Bloomberg news agency.
However, Ms Bündchen, 27, declined to comment on her pay arrangements.
Last week the dollar hit an all-time low against the euro, the British pound and the Canadian dollar.
According to Brazil's weekly magazine Veja, when Ms Bündchen signed a deal to represent Pantene hair products, she demanded that the brand owner, Proctor & Gamble (P&G), paid her in euros.
P&G was reported as saying that it could not comment on details of the contract.
There are also reports that she will be paid in euros for a deal with Dolce & Gabanna to promote its The One fragrance.
"Contracts starting now are more attractive in euros because we don't know what will happen to the dollar," Patricia Bündchen told Bloomberg.
'Still negative'
Last month, billionaire investor Warren Buffett said that he was not confident about the strength of the dollar.
"We are still negative on the dollar relative to most other currencies so we bought stocks in companies that earn their money in other currencies," he said of his Berkshire Hathaway investment vehicle.
And last week, Jim Rogers, a former investor partner of George Soros, said that he was selling his home and all his possessions to buy Chinese currency, the yuan.
The dollar has slipped amid US interest rate cuts which have been trimmed to 4.5% after standing at 5.25% in September.
This means that investors are looking to buy other currencies that will give a higher rate of return.
http://news.bbc.co.uk/1/hi/business/7078612.stm
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The real story is the difference between the two currencies.
The Euro started out slightly below the dollar then stayed about even for a long time.
Now, it's like $1.45.
Whether she accepts Euros or US would determine a 33% raise,
or paycut, however you look at it.
The Euro started out slightly below the dollar then stayed about even for a long time.
Now, it's like $1.45.
Whether she accepts Euros or US would determine a 33% raise,
or paycut, however you look at it.
Offer me a million euros or a million dollars, and I'll take the euros right now. Then I'd convert to dollars. It can't stay down forever. Of course, there's always the posibility of ameros.
"Warren Buffett said that he was not confident about the strength of the dollar.
"We are still negative on the dollar relative to most other currencies so we bought stocks in companies that earn their money in other currencies," he said of his Berkshire Hathaway investment vehicle.
And last week, Jim Rogers, a former investor partner of George Soros"
If clowns like that are thinking the dollar is so bad.. who cares. They hate America anyways.. lets lower the dollar more so they leave!
"We are still negative on the dollar relative to most other currencies so we bought stocks in companies that earn their money in other currencies," he said of his Berkshire Hathaway investment vehicle.
And last week, Jim Rogers, a former investor partner of George Soros"
If clowns like that are thinking the dollar is so bad.. who cares. They hate America anyways.. lets lower the dollar more so they leave!
Before I came to work I was watching the news and they said it was a made up story by some reporter from South America. Ms Bundchen actually new nothing about the news flying around the internet.
She lives in New York and said "I love Dollars"
She lives in New York and said "I love Dollars"



