Munich Re had to fire executives who were responsible for hosting a company-sponsored sex party. Now, photos and details of the party are public in the German Handelsblatt paper. A unit of the Dusseldorf, Germany-based insurance company invited of its top performers to enjoy 20 pre-paid prostitutes at a party in Budapest, Hungary in The company later bragged about the party in their magazine, HMI Profil.
It was "killer fun," the magazine wrote, according to Der Speigel's translation. Today's report in the 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. Good thing. 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. 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.
The execs would take the women to curtained canopy beds where they would do whatever they wanted. The women were also stamped each time they were "used," so that the execs could tell how many of his co-workers got to her first. The party is "a serious violation of applicable rules of the organization" and will not be tolerated, the company said in a statement. Apparently a number of people who went to the party still are.
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