Insurance company rewards high performing agents with prostitutes

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A Munich Re unit hosted about 20 prostitutes at a party thrown in Budapest to reward the insurer’s high-performing agents, a spokesman said.
The incident in the summer of 2007 was a “clear violation” of company policy, said Alexander Becker, a spokesman for the Ergo Versicherungsgruppe subsidiary, in a telephone interview today. Senior management involved in organizing the event are no longer employed at Ergo, he said.

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.

Munich Re Says Prostitutes Attended Reward Party - Bloomberg :ak: