Last week it was reported that in 2007, executives with Munich Re subsidiary Ergo Versicherungsgruppe came up with the idea to throw a party for top performing sales executives at a bathhouse, featuring a bunch of prostitutes for their consumption. Because such events have the potential to devolve into mass chaos, with buyers and sellers running amok and no one knowing who’s down for what, the Germans had the bright idea to keep order via color-coding. Each hooker would wear an armband, with yellow indicating “available for sexual favors,” red indicating that she was a hostess and white indicating that she was “reserved for executives and top agents.” Additionally, the girls also received a “stamp” following each visit to one of the curtained canopied beds, so party-goers could know how many times she’d been “frequented.” When the story came out, a spokesman for the company said in a statement that incentive trips for successful salespeople “definitely don’t usually proceed the way it’s described.” Apparently he was just kidding because according to Ergo employees, that’s exactly how they “usually” proceed, and were going to keep proceeding, until someone had to go and ruin thing for the whole group.
[Ergo] has cancelled a trip to Monaco for top executives after details of a sex party in Budapest emerged and it became clear that the so-called incentive trips for sales execs have not been a single event. Sex, Drugs and Rock`n Roll have ruled those trips to destinations such as Mallorca, Dubai, Kitzbühel and Seychelles, according to German tabloid Bild, which quoted sources who took part in the trips.
Bild published videos and photos showing sales agents snorting white powder at a company-sponsored party, prompting Ergo, the Munich re subsidiary who owns accident and life insurance provider Hamburg Mannheimer, to deny the substance was cocaine. “The pictures published in Bild show a drinking game with salt, Tequila and lemon juice,” the company said in a statement. Tequila and lemon are shown in the photographs alongside big lines of white powder.
Ergo has invited top executives to entertainment trips at least three times a year and the so called Top-5 Club was the equivalent of a “nothing is impossible” party, according to Bild. The company is not denying that these trips have taken place.
Obviously the questions that needs answering at this time are 1) how many colored armbands are found at the “nothing is impossible” parties and 2) what do they represent? It seems obvious that cerulean would indicate A2M but what does royal blue mean? And ecru? And CRUSHED CRANBERRIES?**
Executives, Prostitutes and Big Lines of … Salt? [CNBC]
**Obviously assuming the Germans are going with Benjamin Moore paint colors, the sick fucks.
Chocolate/Vanilla swirl armbands – blumpkins.
time to get hired away by aig…
Probably too many of the “callgirls” wore red bracelets.
-A Norwegian Boss
Mark Haines just died
Dubai? Things must have modernized since I was last there.
Snorting salt would hurt.
-ASU Freshman
Going with the Caddyshack defense. I want royalties.
- Ty Webb
I saw what you did there.
It’s called a stuntman shot, and they’re for people who really party.
-FSU Sophomore
Burnt Sienna = no BLANUS
On the positive side, it does not sound like women were underrepresented at these events for the top performers.
~EEOC
AIG got whole porn industry for parties. You got a job on AIG, you got the pussies.
Coochie is for closers.
I’m still waiting for my royalty check no matter how the words are ordered…
I think it is one girl per person you can sign into most hotels, could have changed.
“Put..that…Coochie down!”
Well, here’s an uncashed check for $75,000 then
Indefinitely = until the press dies down a bit.
The goats wore colored bands just above their right front hooves.
Exactly. The insurance company was merely interviewing potential female Board members to comply with new EU edicts.
No good deed goes unpunished!
“it seems obvious that cerulean would indicate a2m” …. Bess, I bow to you, speechless.
What do the hologram wrist bands mean?
Australian Tequila Shots – Duh CNBC….Snort the Salt, Shoot the Tequila, Squirt Lemon in your eye….did the report NOT go to College?
That obi-wan is your only hope
Uh, no thanks.
- Lohan
Keep it.
is it me or the stories at DB are significantly less engaging in the last month or so?
what’s more engaging than hookers? besides wall st doesn’t pay bonuses anymore and layoffs are months away
It’s just you. UBS bashing got old two months ago.
Houdini
It’s just you.
Aw, poor baby doesn’t feel “engaged”? PS kill yourself.
Have you been reading the same site? Stories have been entertaining as always. But please, let’s hear about you haven’t been “engaged.”
Your cock has been less engaging in the last month or so but you don’t hear be whining like a little bitch.
-Bear’s Mom
Give a whole new twist to the color coded madness from Homeland Security.
It has become clear to me that I am working for the wrong company.
When was your last visit there? I lived there in 2008/2009 and it bloody rocked.
And hookers….they were everywhere. Out in the open. In the fancy night club, in bars. Everywhere.
must look at this chanel tote bag online shopping