Moral Low Ground

Economy

German Insurance Giant Munich Re Treated Top Salesmen to Hungarian Orgy

A subsidiary of the German re-insurance giant Munich Re threw a wild sex party for top salesmen where prostitutes let them do “whatever they liked,” according to the BBC and Bloomberg.

The orgy happened back in the summer of 2007 at the historic Gellert Spa in Budapest, Hungary. Ergo, a subsidiary of Munich Re, the world’s largest re-insurer (the company sells insurance to other insurance companies), invited about 100 men to the bacchanalian gathering. Twenty young women were hired, and they were fitted with color-coded armbands to let the men know what types of services they would provide.

Hostesses wore red, women available for sex wore yellow and those reserved for executives and top agents wore white.

Four-poster beds were set up in the spa and the salesmen were able to “do whatever they liked.” After each session, the women would receive a stamp on their arm so that the men would know how many of their colleagues they’d serviced.

Ergo spokesman Alexander Becker told Bloomberg that the orgy was a “clear violation” of company policy but that the people who organized it were no longer with the firm. An Ergo spokesman told the BBC that such debauched soirees were “not the usual way of rewarding… employees.”

For the record, prostitution is totally legal in both Germany and Hungary.

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