A German insurance company rewarded its best salesmen by organising an orgy with prostitutes in a renowned Hungarian spa, the company said.
About 100 top salesmen had been invited to the orgy, which featured numerous scantily clad hostesses and about 20 prostitutes, Ergo insurance spokesman Alexander Becker said.
The event organised by one of its divisions in Budapest's art nouveau Gellert Baths represented a clear violation of the company's values, he stressed.
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
"All measures have been taken to prevent a repeat of such an event," Becker said.
Those responsible for the June 2007 event - dubbed an "incentive trip" - have left the company, he added.
Prostitution is legal in Hungary and Germany.
Ergo insurance belongs to Munich Re, one of the world's biggest reinsurance companies, in which US billionaire Warren Buffet's investment firm Berkshire Hathaway holds a 10 per cent stake.
Ergo's board of directors only learned about the orgy when those responsible for it had already left the company, Becker said.
He could not specify since when the board was briefed on the orgy.
Budapest is known for its thermal baths.
Some of the spas are used for film screenings or parties.
