Soden severance deal not finalised
Talks in relation to Mr Soden’s pay deal are still ongoing but their outcome will only be released in the bank’s next annual report, which is scheduled for publication next June.
Mr Soden, who resigned in May after he breached bank guidelines by using his work computer to access internet sites containing adult material, was paid a total of €1.6 million in his last full year in charge. Mr Soden received a basic salary of €900,000 but was entitled to a performance-related bonus of €554,000, as well as pension and other benefits. His total remuneration in the year to March 2004 was 20% higher than the previous year.
