Siemens 2005 Annual Report Download - page 85

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Corporate Governance Report
Compensation Report
Group Presidents Business Areas Megatrends Report of the Supervisory Board
85
2005 2004
Fair value
Short-term Long-term of stock-
Fixed com- variable com- variable com- Fixed com- Variable com- based com-
(Amounts in €) pensation pensation pensation Total pensation(1) pensation(1) pensation(1) Total
Dr. Karl-Hermann Baumann(2) (3) 50,000 22,800 – 72,800 18,000 220,500 6,810 245,310
Dr. Heinrich v. Pierer (2) (3) 93,750 42,750 – 136,500 – – – –
Ralf Heckmann(3) 100,000 45,600 – 145,600 12,000 147,000 6,810 165,810
Dr. Josef Ackermann(3) 83,333 38,000 – 121,333 12,000 147,000 6,810 165,810
Lothar Adler 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
Gerhard Bieletzki 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
John David Coombe 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
Hildegard Cornudet(4) 50,000 22,800 – 72,800 3,000 36,750 3,405 43,155
Dr. Gerhard Cromme(3) 87,500 39,900 – 127,400 6,000 73,500 6,810 86,310
Rolf Dittmar(4) – – – – 3,000 36,750 3,405 43,155
Bertin Eichler(5) – – – – 4,500 55,125 5,108 64,733
Birgit Grube 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
Heinz Hawreliuk(3) 75,000 34,200 – 109,200 9,000 110,250 6,810 126,060
Berthold Huber(5) 50,000 22,800 – 72,800 1,500 18,375 1,703 21,578
Prof. Dr. Walter Kröll 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
Wolfgang Müller 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
Georg Nassauer 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
Dr. Albrecht Schmidt 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
Dr. Henning Schulte-Noelle(3) 75,000 34,200 – 109,200 9,000 110,250 6,810 126,060
Peter von Siemens 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
Jerry I. Speyer 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
Lord Iain Vallance of Tummel 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
Klaus Wigand 50,000 22,800 – 72,800 6,000 73,500 6,810 86,310
Total 1,264,583 576,650 – 1,841,233 150,000 1,837,500 136,201 2,123,701
(1) In fiscal year 2004, the compensation of Supervisory Board members was comprised of a fixed component, a variable component depending on the annual dividend, and a long-term
component based on the development of the stock market price granted in the form of 1,500 stock appreciation rights (SARs) per year. On the grant date, the SARs had a fair value of
€4.54 each, as calculated using the Black-Scholes option pricing model.
(2) Dr. Heinrich v. Pierer, former CEO and President of the Managing Board of Siemens AG, succeeded Dr. Karl-Hermann Baumann as Chairman of the Supervisory Board, effective January
27, 2005.
(3) Each of Dr. Heinrich v. Pierer as Chairman of the Supervisory Board and a member of the Audit Committee; Dr. Josef Ackermann as Deputy Chairman of the Supervisory Board;
Dr. Gerhard Cromme as Chairman of the Audit Committee; Ralf Heckmann as Deputy Chairman of the Supervisory Board and a member of the Audit Committee; and Heinz Hawreliuk
and Dr. Henning Schulte-Noelle as members of the Audit Committee, received higher fixed and variable compensation. For his period of office on the Supervisory Board,
Dr. Karl-Hermann Baumann, as former Chairman of the Supervisory Board and the Audit Committee, also received higher compensation on a pro-rata basis. The same applies to
Dr. Josef Ackermann as a former member of the Audit Committee.
(4) Hildegard Cornudet, formerly a substitute member of the Supervisory Board of Siemens AG, became a member of the Supervisory Board as a successor to Rolf Dittmar with effect from
April 1, 2004.
(5) Berthold Huber’s appointment to the Supervisory Board of Siemens AG as a successor to Bertin Eichler was approved by the registry court with effect from July 1, 2004.