German execs outed for steamy Budapest bonus

A top German insurance company has been hauled over the coals after it emerged that 100 top-performing employees were treated to a weekend in Budapest with a tawdry twist.

Leading news sources Der Spiegel and Deutsche Welle carried details of the unconventional weekend, which climaxed with a closed party at the ornate baths of the historic Gellert Hotel.

According to former members of staff who spilt the beans to business paper Handelsblatt, the 2007 shindig laid on a gaggle of girls who were paid to provide generous bonuses to the hard-working Germans.

"The women wore red and yellow bands," one of the participants revealed.

"The first were there as hostesses, the others would fulfil all other wishes," he said.

"There were also women with white bands - they were reserved for the executives and the very best agents," he continued, signalling that all salesmen were equal, but some salesman were more equal than others.

Curtained canopy beds provided discreet refuge for the insurance aces.

"Everyone could take a woman to one of the beds and do what he wanted," a source said.

"After each encounter the women were given a stamp on their forearm. That's how a record was kept of how often each woman was frequented."

Feminists have been quick to chip in that women are few and far between in the higher echelons of many German businesses, a fact which allowed the company in question to push the boat out in Budapest.

A spokesman for the company, which is now facing something of a backlash from clients, has said that "according to our current knowledge this was an isolated incident."