double up indemnity

On the book accounting or off-book? The story of the German insurance company orgy for top salesmen has been around since May, but continues to generate interest, if only because the practice, in more subtle form, appears fairly widespread. Also, it touches on the idea of gender equality; these companies spend fortunes crafting policies and guidelines to conform and promote a social responsibility yet often kick the legs from under this investment as the need arises. And, it also touches on the concept of bourgeois values, individualism and the notion of freedom and liberty intrinsic to these assumptions.

---Harem Pool- Jean Leon Gerome--- Read More:

It can be said that it is all part of bourgeois ethics, bourgeois business as commercial warfare and the justification for acts of violence, both degrading for the staff and the call girls. But,  The Christian-bourgeois ethic is  equal even to this type of event; it can assert that all  interference with the liberty of another is  immoral. That is, if one is attacked in one’s liberty, the company can be compelled to defend outraged morality and attack in turn, which is the basis of most bourgeois spats. The theory is that bourgeois liberty includes the right to exercise all bourgeois occupations: trading, and acquiring for profit,  and since these involve establishing dominating relations over others, it is not surprising that the bourgeois often finds himself attacked in his liberty.Here the company exercises a dominating relation over employee and the prostitute, maybe as a defensive measure to keep the staff loyal.  It is impossible for the company to exercise what it considers its full liberty – this is not public money-without infringing the liberty and morals of the public, their just cause. In fact, its such an example of conspicuous waste, egregious, that it probably serves to enhance the status and distinction of the company.

German insurer Munich Re threw one heck of an office party — an orgy — for 100 of its best employees as a reward for their hard work.Held at a thermal baths in Budapest, Hungary, attendees were reportedly presented with 20 colour-coded prostitutes.“The women wore red and yellow wrist bands. One lot were hostesses, the others would fulfill your every wish,” reported the German newspaper Handelsblatt.

The white-banded girls were reserved for the big bosses.

---City bankers entertain clients and try to generate business by offering trips to brothels, MPs heard today. Kat Banyard of gender-equality pressure group the Fawcett Society told a Treasury select committee hearing into women's role in the City of London that there was a growing trend in the City to use prostitution to entertain clients. "We took extensive evidence from individual women who said it was becoming frequent for meetings to be held in lap dance clubs, and I also had women speak to me and say that prostitution was being used in client deals or in ways to generate business – and that all of this culture created a very hostile environment, as you would expect, for female employees of those firms," she said. One former City worker who gave evidence to the Fawcett Society said that while working for a top international investment bank in the City, she witnessed a senior manager looking for a brothel to entertain some Russian clients. "I was out drinking with some guys in my team when a very senior guy came over," she said. "He asked if anyone knew of a good brothel in Edinburgh. He said he had some Russian clients coming over and he wanted them to sign a multimillion-pound deal."--- Read More:

Quoting an anonymous attendee, the paper said guests were able to take the women to four-poster beds at the spa “and do whatever they liked.”

The party, held in 2007, was reportedly discovered by a shareholder at the company’s annual general meeting this year. Munich Re is the world’s largest re-insurance company, which means they act as an insurer for other insurance companies. At the event, women were stamped on the lower arm after each sexual encounter to keep track of how often each one was “frequented,” Handelsblatt reported.

A spokesman for Ergo confirmed to the BBC that the party had happened, but said it was not the usual way of rewarding their employees.

The company said it had since introduced a new code of conduct, and the organizers of the event have left the company….

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---Sold as Circle of Pieter Pietersz. Reattributed by Jan De Maere to Pieter Pietersz. I A fisherman making merry with a lady at a table Oil on panel : 67,6 X 81,6 cm Unsigned Sold at Christie's London, 3/12/97--- Read More:

…“We’ve taken all the right steps to prevent it happening again,” the spokesman told the BBC. “It was a mistake but we are very sure that it was a unique event.” “The new people of the sales organization introduced a very personal commitment that these things should not happen again.” Read More:–german-insurance-firm-rewards-top-employees-with-an-orgy

---Wall Street CEOs, lawyers, bankers and media executives chalked up thousands of dollars in prostitution charges on their corporate credit cards -- swiping their cards for $2,000 an hour prostitutes, according to a New York madam who pleaded guilty last year. Kristin Davis, the madam in question, went public to ABC News this week; ABC will be broadcasting her interview Friday at 10 pm. Davis says she has a list of 9,800 clients, many of whom she says New York prosecutors deliberately avoided when taking her case, even though she offered them her annotated client list. In what's sure to create a media firestorm parallel to that of when a Washington, DC madam announced that she was publishing her client list (which included at least one senator), Davis' comments come at a time where incredible ire is already focused on Wall Street and banking executives. The pressure for her to release the list will certainly be immense. But the pressure from New York's finest prosecuting team was nearly zero, Davis said.--- Read More: image:

Years of dedication shown by the company’s top 100 male sales representatives was rewarded on the so-called “Incentive Trip” with the services of dozens of hired prostitutes and a handful of higher-class call girls who were reserved for “best reps” and board members.

Lurid details of the aquatically assisted sex orgy were leaked by anonymous participants to Germany’s Handelsblatt yesterday. The business newspaper was tipped off after receiving a copy of the company’s in-house magazine Profil which referred to the sex party that took place in Budapest in 2007….Read More:

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