A company invites employees on a vacation trip as a reward for special services rendered or business pleasure as an incentive for further cooperation. Particularly in the insurance industry, this has become common practice with regard to so-called “high performing employees” (high performers). Apparently with the approval of the management, field sales representatives of the Ergo insurance company were sent to brothels in Budapest in 2007 and to sex trips to Mallorca and faraway Jamaica in 2012. This earned Ergo-Versicherung the popular name “Puff-
Insurance.” – See badwill, reputational risk, risk, personnel, risk, strategic, blowback effect. – Cf. BaFin Annual Report 2013, p. 157 (reputational damage to the industry as a whole; BaFin makes recommendations in this matter).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/