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Munich Re Cancels Upcoming No-Holds-Barred Sex Party, May Ban Them Indefinitely

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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.