German Insurance Company Munich RE invited 100 of its top performers to enjoy 20 pre-paid prostitutes at a party in Budapest, Hungary in 2007.

The company later bragged about the party in their magazine, HMI Profil. It was “killer fun,” the magazine wrote.

Today’s report in the German bussiness magazine Handelsblatt paper says that the party was in a one of Budapests baths, which are customarily open to the public and frequented by tourists. But while the Munich Re party took place, the bath shut its doors to normal customers.

Someone who was there told the paper that the scene looked like this: “Between the two thermal springs a stage had been built on which two prostitutes and a man who claimed to be a pimp were pleasuring each other.”

Best performer in sales gets the best prostitute in the sex party

The paper also says that the prostitutes were color-coded based on who was available for sex favors. The top 5 performers, who were referred to internally as the “Top 5 Members,” got the best deal: access to prostitutes with white bracelets AND yellow bracelets.

Munich Re had to fire executives who were responsible for hosting a company-sponsored sex party.

 

[adrotate group=”20″ banner=”26″]

 

[adrotate group=”20″ banner=”22″]