Last month 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.” Since then, current and former employees have countered that that’s actually exactly how they usually proceed and were going to keep proceeding, until Ergo ruined everyone’s good time by banning them indefinitely. On top of that, the company has now gone and taken out a full-page ad that includes an apology for the “mistakes” made by both the firm and the participants. Continue reading »
Ergo Versicherungsgruppe
At a certain level workers and customers can “no longer be rewarded with money,” another industry insider says. But incentives outside the ordinary pay raise or bonus are not simply a question of hierarchy, event specialist Eisner says. The likelihood of such perks is higher for certain roles…Sexual incentives are a special cementing agent, and thus particularly interesting from a managerial perspective…Meanwhile corporate orgies have grown in popularity. There are agencies that specialize in organizing events similar to the Mannheimer International sex party in Budapest. [Spiegel via BI, earlier]
German Prostitute Isn’t Sure What The Big Deal Is About Munich Re’s Company Sponsored Orgy
By Bess Levin
Monique doesn’t understand what all the fuss is about. The newspapers have been full of lurid accounts of how German insurer Hamburg Mannheimer treated its best salesmen to a sex party with prostitutes in Budapest four years ago. “So what?” she shrugs, treading out a cigarette. “If the insurance customers ended up footing the bill that would be the last straw. But please don’t go on about the morals of it!” [Spiegel via BI]
Everyone here meet or beat their sales goals.
Yesterday 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. Perhaps having heard that gatherings like this can often devolve into chaos and confusion, or maybe it was just German fastidiousness, the organizers decided to color-code the event. 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.” 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.” The story is just coming out now because supposedly very senior management only recently heard about it. Which apparently means that some people don’t keep up with the company newsletter, where a recounting of the event amazingly took place way back then. Continue reading »
Color-coded armband-organized. Continue reading »
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