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

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.

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.

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

I view porn at work every day

I'd like my ?2.3m pay off now

:winkwink:

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.

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

Its funny to watch some of the weird stuff users seem addicted to :1orglaugh

People with high profile jobs like this should know better.

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

Djeezes , this is a weird world guys ..

True, but would it have killed him to have bought Internet Eraser off me anyway? :1orglaugh

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'.