Window display nearly unreadable in VM

[Tom]

When opening the terminal in a fresh VM built from the ubuntu-14.04-desktop-amd64.iso image, the terminal application is virtually unreadable.

See screenshot:
http://teeks99.com/tmp/BadTerminal.png

ProblemType: Bug
DistroRelease: Ubuntu 14.04
Package: gnome-terminal 3.6.2-0ubuntu1
ProcVersionSignature: Ubuntu 3.13.0-24.46-generic 3.13.9
Uname: Linux 3.13.0-24-generic x86_64
ApportVersion: 2.14.1-0ubuntu3
Architecture: amd64
CurrentDesktop: Unity
Date: Tue Jun 10 07:13:07 2014
ExecutablePath: /usr/bin/gnome-terminal
ProcEnviron:
 LANGUAGE=en_US
 PATH=(custom, no user)
 XDG_RUNTIME_DIR=<set>
 LANG=en_US.UTF-8
 SHELL=/bin/bash
SourcePackage: gnome-terminal
UpgradeStatus: No upgrade log present (probably fresh install)