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]

Sign up for the Dealbreaker newsletter

Subscribe to our free daily email and get breaking news, financial headlines, commentary, and analysis from Dealbreaker.

— Advertisement —

Comments (27)

  1. Posted by Triple Bridge Capital | May 18, 2011 at 10:05 PM

    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?

  2. Posted by Guest | May 18, 2011 at 10:13 PM

    why would he be there?

  3. Posted by Short, But Long | May 18, 2011 at 10:13 PM

    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.

  4. Posted by VictoryIsMine | May 18, 2011 at 10:15 PM

    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.]
     

  5. Posted by JR | May 18, 2011 at 10:20 PM

    Any word on whether David Sokol bought an interest in the local brothel shortly before the bash? 

  6. Posted by Triple Bridge Capital | May 18, 2011 at 10:22 PM

     Why would you question flawless logic?

  7. Posted by Guest | May 18, 2011 at 10:29 PM

    I stopped working the door a long time ago.

    - B. Quick 

  8. Posted by Anonymous | May 18, 2011 at 10:31 PM

    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.

  9. Posted by MJ | May 18, 2011 at 10:32 PM

    Bess,

    I suggest updating picture with the screen shot from one Club Vandersexxx.  It just seems more appropriate. 

  10. Posted by guy who was there | May 18, 2011 at 10:32 PM

     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. 

  11. Posted by Elliot Spitzer | May 18, 2011 at 10:34 PM

     I’d say this is pretty creative. 

  12. Posted by Anonymous | May 18, 2011 at 10:37 PM

    You know I do a Eurotrip reference when warranted but the best part of this story is the armbands, so the picture stays.

  13. Posted by MJ | May 18, 2011 at 10:44 PM

    Leave it to the Germans to insist on arm bands….again.  Wonder if Jewish prostitutes had to wear gold stars.  Fucking krauts. 

  14. Posted by trojan | May 18, 2011 at 10:47 PM

    Bess will only update if you say the safeword

  15. Posted by Malcolm Tucker fan | May 18, 2011 at 11:12 PM

    I dont think any ibankers were invited to this… 

  16. Posted by The Joke Briefer | May 18, 2011 at 11:27 PM

    Respect.

  17. Posted by Tulsa Natural Gas Trader | May 18, 2011 at 11:36 PM

    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……..” 

  18. Posted by DealBreaker Berlin Office | May 18, 2011 at 11:47 PM

     Kommentar Entfernen

  19. Posted by Anonymous | May 19, 2011 at 1:20 AM

    [Golf Clap]

  20. Posted by Anonymous | May 19, 2011 at 1:53 AM

    Amending my bucket list as I read it.

    Brilliant!

  21. Posted by Daniel | May 19, 2011 at 6:03 AM

     So I guess Strauss thought he saw a yellow bracelet?

  22. Posted by THobbes | May 19, 2011 at 8:07 AM

    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….

  23. Posted by Guest | May 19, 2011 at 11:51 AM

     Milken and the Predator’s ball were way ahead of their time

  24. Posted by Guesticles | May 19, 2011 at 12:45 PM

    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

  25. Posted by Anonymous | May 19, 2011 at 1:54 PM

    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.

  26. Posted by Anonymous | May 19, 2011 at 2:23 PM

    How very… German. 

  27. Posted by John Fecal | May 19, 2011 at 3:48 PM

     I don’t even want to know what color the armbands were for the chicks who offered anal

Leave a comment

You can log in with your account or comment as a guest below.