Munich Re held a party for 100 of its highest-achieving sales staff and provided prostitutes for their entertainment.
The giant re-insurer held the party in 2007 at thermal baths in Budapest as a reward for its most successful salesmen, German business paper Handelsblatt reports. According to reports, the team of 20 female sex workers wore colour-coded armbands denoting their availability. An unnamed source told the paper: "[Women in white armbands] were reserved for board members and the very best sales reps. "After each encounter the women were stamped on the lower arm in order to keep track of how often each woman was frequented." Guests were allowed to take women to beds in the spa at the b...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes