Munich Re Employees Fired For Hosting Extremely Well-Organized Hooker Party

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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]

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