Color-coded armband-organized.
Ergo Versicherungsgruppe, [a Munich Re subsidiary] hosted the party for about 100 guests at the historic Gellert spa, Handelsblatt reported in a preview of an article to be published tomorrow. Women wore color-coded armbands, the newspaper said, citing unidentified guests, with red for hostesses, yellow for those available for sexual favors and white for women reserved for executives and top agents. After each trip to beds set up near the thermal baths, a woman would receive a stamp on her forearm, the paper reported… Senior management involved in organizing the event are no longer employed at Ergo, he said.
According to a spokesman for the unit, standard incentive trips for especially successful salespeople “definitely don’t usually proceed the way it’s described.”
Munich Re Says Prostitutes Attended Reward Party [Bloomberg via BI]

I knew I was right in shorting Munich Re. It may very well go to zero in the next downturn.
One question: was the Omaha Geriatric at the event?
why would he be there?
So it only took two years for senior management to rip-off an idea from Lafayette’s Angevine middle school kids? I guess good idea’s never die.
Door girls: Do you have your tickets?
Buffett: Uh…no…
Door girls: You need your tickets.
Buffett: I was invited…
Guy in Buffett’s party: This is Warren Buffett.
[The group is laid.]
Any word on whether David Sokol bought an interest in the local brothel shortly before the bash?
Why would you question flawless logic?
I stopped working the door a long time ago.
- B. Quick
Greece, this is how a proper financial system is run. Watch and learn. And if you play your cards right, you can always count on help from guys like DSK and his German friends.
Bess,
I suggest updating picture with the screen shot from one Club Vandersexxx. It just seems more appropriate.
You have it all wrong. The blue bands were for sexual favors, the pink of course identified the HIV positive girls, and the yellow bands were just Lance Armstrong cancer awareness bands.
I’d say this is pretty creative.
You know I do a Eurotrip reference when warranted but the best part of this story is the armbands, so the picture stays.
Leave it to the Germans to insist on arm bands….again. Wonder if Jewish prostitutes had to wear gold stars. Fucking krauts.
Bess will only update if you say the safeword
I dont think any ibankers were invited to this…
Respect.
An Oklahoma City natural gas trader goes to a clinic early one morning and demands to be the first patient seen. When the physician enters the room the trader blurts out, “Doc I was out last night with a bunch of producers and things got pretty wild. When I woke up this morning I had a red ring and a brown ring on my dick!”
Doc says, “Let’s have a look…..”
The trader shows his member to the Doc and after careful examination the Doc says,
Well….the red ring is lipstick……….’
“Whew” say the relieved trader, “but what about the brown ring?”
“Chewing tobacco……..”
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[Golf Clap]
Amending my bucket list as I read it.
Brilliant!
So I guess Strauss thought he saw a yellow bracelet?
DB had the same type of event in London in 1995 at a Global Markets Christmas party… made the front page of the London papers….
Milken and the Predator’s ball were way ahead of their time
How come the ones who were off-limits wore white arm bands? Motives…
Also, pussy is for closers.
- guy with a lot of deal toys but no armbands in his office
Buying Rosetta Stone – German and updating my resume. As non cash bonuses go, this beats the shit out of a steak dinner and a golf outing.
How very… German.
I don’t even want to know what color the armbands were for the chicks who offered anal