Fool of the week

The chief executive of the Bank of Ireland, Michael Soden, has quit his job after porn was found on his company PC. Shares in the bank have been buoyed up by the news, which has sparked speculation of a takeover.

The material was discovered during routine maintenance of his machine, and the results of the internal investigation were leaked to a local newspaper.

There is no suggestion that any of the material was illegal, but it was forbidden under bank policy. "I now accept that accessing this material was inappropriate and would cause embarrassment to Bank of Ireland," Soden said in a statement.

he earned 1,6 MILLION EURO/YEAR