Chief Executive forced to resign for viewing porn gets huge payout - GoFuckYourself.com

Sarah_Jayne · 06-09-2005, 01:04 AM

Bank of Ireland gave Soden ?2.3m pay off

Bank of Ireland has made a special payment of ?2.3m to Michael Soden, its former chief executive who was forced to resign in May 2005 after he admitted to using his office computer to access internet pornography sites.

The disclosure has been made in the Bank of Ireland?s annual report, which was released this morning.

The payment, which includes a ?400,000 contribution to his pension fund, was made "in settlement of potential litigation by Mr Soden against the group," according to a note in the annual report today.

The bank made the payment of ?2.3m and a ?400,000 pension top up to settle potential litigation by Mr Soden against the financial institution.

In addition to the pay-off, he also received ?269,000 euro for working until his abrupt departure.

The annual report also shows that the current chief executive Brian Goggin was paid a total package of ?1.9m in the last financial year.

In the report, Mr Goggin is optimistic about the future performance for bank. However, the company is seeking to streamline operations in a move which will result in shedding 2,100 jobs.

http://www.finfacts.com/irelandbusin...10002135.shtml

CDSmith · 06-09-2005, 01:08 AM

He's set for life with all that, although why people with office jobs don't run a good eraser program to cover their tracks these days is beyond me.

Mike Okitch · 06-09-2005, 01:09 AM

Moral of the story; if you're a highly payed exec and want out of your job with a huge payout and have fun while doing it, visit the hun.

NTSS · 06-09-2005, 01:12 AM

Now he can take a vacation and watch all his porn from home....how sweet is that?

BRISK · 06-09-2005, 01:12 AM

I view porn at work every day

I'd like my ?2.3m pay off now

clickhappy · 06-09-2005, 01:17 AM

Quote:

Originally Posted by sarah_webinc

Bank of Ireland gave Soden ?2.3m pay off
Bank of Ireland has made a special payment of ?2.3m to Michael Soden, its former chief executive who was forced to resign in May 2005 after he admitted to using his office computer to access internet pornography sites.

The disclosure has been made in the Bank of Ireland?s annual report, which was released this morning.

What? Why?
Damn and they say Americans are uptight.

When I worked in IT there was a vice president who apparently had a major high heel fetish, because his mouse turned into a high heel when you used it.
And we checked the logs and he'd visit high heel sites often.
No one said anything about it, we'd just laugh behind his back.

xenigo · 06-09-2005, 01:22 AM

Quote:

Originally Posted by CDSmith

He's set for life with all that, although why people with office jobs don't run a good eraser program to cover their tracks these days is beyond me.

Corporations have firewalls. You can't hide shit when your system administrator is checking the logs.

kernelpanic · 06-09-2005, 01:24 AM

Its funny to watch some of the weird stuff users seem addicted to

Matt 26z · 06-09-2005, 01:30 AM

People with high profile jobs like this should know better.

pornguy · 06-09-2005, 01:31 AM

Now he will start his own bank, and put the others out of business.

demon100 · 06-09-2005, 01:32 AM

Djeezes , this is a weird world guys ..

CDSmith · 06-09-2005, 01:34 AM

Quote:

Originally Posted by xenigo

Corporations have firewalls. You can't hide shit when your system administrator is checking the logs.

True, but would it have killed him to have bought Internet Eraser off me anyway?

Sarah_Jayne · 06-09-2005, 02:16 AM

I always want to know what sites people like this were surfing. If it was one of mine I would put a special tag on my site like 'as seen by the wanker banker'

chadglni · 06-09-2005, 02:19 AM

Quote:

Originally Posted by sarah_webinc

I always want to know what sites people like this were surfing. If it was one of mine I would put a special tag on my site like 'as seen by the wanker banker'

How about 'The only site someone has been paid 2.3 million to visit'.

06-09-2005, 01:04 AM	#1
Sarah_Jayne Now with more Jayne Industry Role: Join Date: Dec 2002 Location: Los Angeles Posts: 40,077	Chief Executive forced to resign for viewing porn gets huge payout Bank of Ireland gave Soden ?2.3m pay off Bank of Ireland has made a special payment of ?2.3m to Michael Soden, its former chief executive who was forced to resign in May 2005 after he admitted to using his office computer to access internet pornography sites. The disclosure has been made in the Bank of Ireland?s annual report, which was released this morning. The payment, which includes a ?400,000 contribution to his pension fund, was made "in settlement of potential litigation by Mr Soden against the group," according to a note in the annual report today. The bank made the payment of ?2.3m and a ?400,000 pension top up to settle potential litigation by Mr Soden against the financial institution. In addition to the pay-off, he also received ?269,000 euro for working until his abrupt departure. The annual report also shows that the current chief executive Brian Goggin was paid a total package of ?1.9m in the last financial year. In the report, Mr Goggin is optimistic about the future performance for bank. However, the company is seeking to streamline operations in a move which will result in shedding 2,100 jobs. http://www.finfacts.com/irelandbusin...10002135.shtml

06-09-2005, 01:08 AM	#2
CDSmith Too lazy to set a custom title Industry Role: Join Date: May 2001 Location: My network is hosted at TECHIEMEDIA.net ...Wait, you meant where am I located at? Oh... okay, I'm in Winnipeg, Canada. Oops. :) Posts: 51,460	He's set for life with all that, although why people with office jobs don't run a good eraser program to cover their tracks these days is beyond me. __________________ *Promote Wildmatch, ImLive, Sexier.com, and more!!* ALWAYS THE HIGHEST PAYOUTS: Big Bux/ImLive SIGNUP ON NOW!!! Put some PUSSYCA$H in your pocket. ICQ me at: 31024634

06-09-2005, 01:09 AM	#3
Mike Okitch Confirmed User Join Date: May 2004 Location: Guantanamo Bay, Cuba Posts: 4,126	Moral of the story; if you're a highly payed exec and want out of your job with a huge payout and have fun while doing it, visit the hun. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

06-09-2005, 01:12 AM	#4
NTSS Confirmed User Join Date: Mar 2005 Location: Da Hood Posts: 5,688	Now he can take a vacation and watch all his porn from home....how sweet is that? __________________ ICQ: 150-803-430 Email: marketing7(at)cox(dot)net

06-09-2005, 01:12 AM	#5
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	I view porn at work every day I'd like my ?2.3m pay off now __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.

06-09-2005, 01:24 AM	#8
kernelpanic Too lazy to set a custom title Join Date: Jan 2005 Posts: 2,961	Its funny to watch some of the weird stuff users seem addicted to __________________ ZangoCash - Turn Your Traffic Into Ca$h. $.40 Per Install - No Tier

06-09-2005, 01:30 AM	#9
Matt 26z So Fucking Banned Industry Role: Join Date: Apr 2002 Location: ¤ª"˜¨๑۩۞۩๑¨˜"ª¤ Posts: 18,481	People with high profile jobs like this should know better.

06-09-2005, 01:31 AM	#10
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Now he will start his own bank, and put the others out of business. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

06-09-2005, 01:32 AM	#11
demon100 Confirmed User Join Date: Oct 2003 Posts: 1,203	Djeezes , this is a weird world guys .. __________________ Silvia Saint Full movies Sex movies

06-09-2005, 02:16 AM	#13
Sarah_Jayne Now with more Jayne Industry Role: Join Date: Dec 2002 Location: Los Angeles Posts: 40,077	I always want to know what sites people like this were surfing. If it was one of mine I would put a special tag on my site like 'as seen by the wanker banker'