100 Sales Execs, 20 Prostitutes, One Party
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German insurer Munich Re has admitted it hired 20 prostitutes as a reward for around 100 of its top sales executives at a party hosted in Budapest in 2007.
A spokeswoman for the company confirmed an earlier press report to CNBC.
"Yes it is true that there has been an incentive trip to Budapest in June 2007," she told CNBC. "
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