From Harald Freiberger, Catherine Hoffmann and Markus Zydra
The sex of the Hamburg-Mannheimer sauce brings the entire industry in distress. Insurers defend themselves against a general suspicion, but much evidence that sexual services in the economy are not unusual.
Leonhard Knoll is on the way for many years at company meetings. There peppered the consultant and professor of economics, the business leaders with his questions."As you get every now and then slipped information," says Knoll. And he brought the ball rolling, now afflicts as Sexaffäre the DAX company Munich Re.
The Gellert Bath: The journey of its sales people to Budapest it was "incredibly embarrassing," admits Ergo CEO Torsten Oletzky. (© AP)
At the AGM of the world leader shareholder asked in April for " Fringe Benefits in the pink area, "perks of the other kind chief executive Nikolaus von Bomhard answered promptly:" could not be excluded our research are that there excesses has. been some After "
It is now known: The insurance Hamburg-Mannheimer is 2007, a wild sex bash in a Budapest spa organized in order to keep staff happy deserved special. The Hamburg-Mannheimer has now been merged into the Ergo Insurance, the subsidiary of Munich Re is again.
"Incredibly painful 'is it the journey of his sales people, admits Ergo CEO Torsten Oletzky the mirror.But the evening event cost € 83000k There were four poster beds and some 20 prostitutes with colored bracelets - a clear violation of the guidelines of the company.
The case also brings Munich-Re-chief Bomhard in embarrassment, much to the conservative risk policy of his company 's climate policy initiatives and stands. A spokesman called the events in Budapest "unacceptable" and says: "This conduct is contrary to basic principles of conduct, compliance with our employees throughout the Group, we naturally expect.
Reality exceeds imagination
A blueprint of the infamous event may be found in Mark Wills Thriller Bad bankers .This Investment Bank is celebrating a made by him in London 2006, at the height of greed before the financial crisis, a lavish Christmas party.
The chief has organized for its top people 20 precious prostitutes. "In order to distinguish them from the present wives and bankers, I have thought of me that they wear a blue ribbon around the wrist," says author Will.
When he from the proceedings in case of the Hamburg-Mannheimer in Budapestread, he was stunned: "I never thought that the reality surpasses my imagination
In Hamburg-Mannheimer , there was apparently ribbon in three different colors: one for hostesses, the sexual services offered none, one for prostitutes, the infantry of the insurance was available only, and one for the women for the top-seller were reserved.
The large financial sales MLP and AWD exclude that in their companies have given pleasure trips like. "Such a thing does not come with us," it says even with the insurance companies AXA and Generali. Sex parties that an industry-standard incentive for representatives could be an incentive, Dumsch Mark also holds for the mark.
The spokesman of the association of associations representing the Alliance said: "This is something I have not experienced - and I've been on many journeys of this alliance, there is always going to be very familiar."
Critical sees Verdi union Jörg Reinbrecht the matter: "The image is great damage to the industry."Therefore, should the directors have to worry if the sales ofinsurance false self-employed the right way about it, or whether the employees do not improve with.
Luxury travel and pompous celebrations of good representatives are part of the incentive system of any insurance. Only with a trophy or a certificate can be least likely to encourage the maximum benefits. That it is so loud and partying then, other residents complain before, come.Ballet may be a Tropical program.
That does not even rewards for business partners in the form of sexual services in the economy were unusual, showing an internal statement of Deutsche Bank, which gave them until the year 2008 to its employees. "The German bank approves any adult entertainments and such expenditures will not be replaced," it said in a expense policy. The corporate credit card should not be used for such pleasures.
Managers have left company
Also occupational consequences of the drawn out affair. Since 2008 is a code of conduct that will ensure that does not happen again. Those responsible have left the company. Knoll shareholder is satisfied: "To me, the thing checked off."
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