Thursday 18 April 2019

The Las Vegas escort girls who cost BoI chief ?1.6m-a-year job

THESE are the pictures which cost Bank of Ireland boss Mike Soden his ?1.61 million-a-year job.

The 57-year-old used his personal computer in his 7th floor office of the bank's headquarters to access a Las Vegas escort agency site ahead of a business trip to the US.

The trip never happened, but the married chief executive paid the price for his "indiscretion" at the weekend.

He resigned on Saturday after using his office PC to first visit the site using the Google internet search engine at around 3pm on April 2.

The site was also said to have been accessed on subsequent days.

The division of the Bank of Ireland which caught him viewing internet porn had been outsourced by him to Hewlett Packard against the wishes of many staff.

The former chief executive said his departure was self-inflicted.

"It was a silly incident," Mr Soden said. "It was unfortunate and I am paying a high price for it. I regret it enormously. It was foolish.

"More than anything else, I regret the hurt caused to my wife, the staff and the bank's shareholders. It was a case of curiosity killed the cat."

He had strayed onto a website that had links to material of an adult nature but had not done anything illegal, he said.

"It was a one shot event but there were policies and procedures on internet use that I had signed off on."

Mr Soden believed that if he had not dealt with the revelations about his use of the work PC as he did, the issue would have done more damage to the bank and to the sector.

"The alternative was to stand back and to fight it. I hated to have to make that decision but it was in the best interests of the bank."

All of the information stored on the hard drive of Mr Soden's computerwas examined during the bank's investigation.

Editor's Choice

Also in Irish News