Siemens 2005 Annual Report Download - page 81

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Corporate Governance Report
Compensation Report
Group Presidents Business Areas Megatrends Report of the Supervisory Board
81
Cash compensation
LT-Bonus
(Amounts in €) Salary Annual bonus cash option Other(1) Total
Dr. Heinrich v. Pierer(2) 2005 405,000 299,257 244,445 9,687 958,389
2004 1,215,000 1,581,250 738,078 25,725 3,560,053
Dr. Klaus Kleinfeld(2) 2005 950,040 768,794 571,883 32,476 2,323,193
2004 762,627 883,116 510,387 523,774 2,679,904
Johannes Feldmayer 2005 755,040 571,280 466,627 28,354 1,821,301
2004 755,040 1,006,200 469,639 108,586 2,339,465
Dr. Thomas Ganswindt(3) 2005 755,040 571,280 391,452 47,176 1,764,948
2004 500,040 602,617 480,380 51,224 1,634,261
Prof. Dr. Edward G. Krubasik 2005 755,040 571,280 466,627 39,738 1,832,685
2004 755,040 1,006,200 469,639 47,177 2,278,056
Rudi Lamprecht(3) 2005 755,040 571,280 375,136 28,975 1,730,431
2004 550,020 575,240 589,982 26,230 1,741,472
Heinz-Joachim Neubürger 2005 755,040 571,280 466,627 29,978 1,822,925
2004 755,040 1,006,200 469,639 29,706 2,260,585
Dr. Jürgen Radomski 2005 755,040 571,280 466,627 25,442 1,818,389
2004 755,040 1,006,200 469,639 21,428 2,252,307
Dr. Uriel J. Sharef 2005 755,040 571,280 466,627 38,886 1,831,833
2004 755,040 1,006,200 469,639 33,728 2,264,607
Prof. Dr. Klaus Wucherer 2005 755,040 571,280 466,627 29,271 1,822,218
2004 755,040 1,006,200 469,639 30,427 2,261,306
Prof. Dr. Erich R. Reinhardt(4) 2005 525,030 506,841 692,671 32,294 1,756,836
2004 500,040 607,153 686,692 29,933 1,823,818
Prof. Dr. Claus Weyrich(4) 2005 450,000 344,205 562,285 25,500 1,381,990
2004 450,000 606,250 565,922 27,230 1,649,402
Total 2005 8,370,390 6,489,337 5,637,634 367,777 20,865,138
2004 8,507,967 10,892,826 6,389,275 955,168 26,745,236
(1) Other compensation includes non-cash benefits in the form of company cars of €282,112 (2004: €275,832), subsidized insurance of €85,665 (2004: €85,331), and accommodation
and moving expenses of €0.00 (2004: €594,005).
(2) Effective January 27, 2005, Dr. Heinrich v. Pierer was elected to the Supervisory Board of Siemens AG. Dr. Klaus Kleinfeld was appointed to succeed Dr. Heinrich v. Pierer as CEO and
President of the Managing Board of Siemens AG, effective January 27, 2005.
(3) Dr. Thomas Ganswindt and Rudi Lamprecht were appointed full members of the Managing Board of Siemens AG and elected to the Corporate Executive Committee, effective
October 1, 2004.
(4) Deputy members of the Managing Board.
The following table describes the details of cash compensation:
Both the number and the values of the stock-based compensation component are shown in the
following table. The fair value of the stock options was determined using the Black-Scholes option
pricing model. Because a cap was placed on stock options granted to Managing Board members,
disclosure of stock options in the financial statements depends on their intrinsic value, which was
zero on the grant date. Without a cap the fair value would have been €4.06 (2004: €4.54) per
option, which amount was taken as the basis in this table. The stock awards were recorded at the
market price of the Siemens stock on the date of commitment less the present value of dividends
expected during the holding period, because awards are not eligible to receive dividends. The
resulting value amounted to €57.28 (2004: €55.63).
For fiscal year 2005, the members of the Managing Board received a total of 101,731 (2004:
94,769) stock awards and 315,495 (2004: 296,270) stock options, representing 8.8 percent (2004:
7.8 percent) and 10.4 percent (2004: 10.1 percent), respectively, of the aggregate stock awards and
stock options granted for fiscal year 2005.