Siemens 2006 Annual Report Download - page 94

Compensation Report
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Cash compensation
(Amounts in €)(1) Salary Annual bonus LT bonus Other(2) Total
Prof. Dr. Heinrich v. Pierer(4) 2006 – – – – –
2005 405,000 299,257 244,445(3) 9,687 958,389
Dr. Klaus Kleinfeld(4) 2006 1,160,480 1,055,707 998,721 33,554 3,248,462
2005 950,040 768,794 571,883(3) 32,476 2,323,193
Prof. Johannes Feldmayer 2006 845,520 747,819 728,408 41,470 2,363,217
2005 755,040 571,280 466,627(3) 28,354 1,821,301
Dr. Thomas Ganswindt 2006 755,040 835,790 715,529 113,788 2,420,147
2005 755,040 571,280 391,452(3) 47,176 1,764,948
Joe Kaeser(5) 2006 325,000 337,448 291,460 10,075 963,983
2005 – – – – –
Prof. Dr. Edward G. Krubasik 2006 755,040 835,790 817,839 45,156 2,453,825
2005 755,040 571,280 466,627(3) 39,738 1,832,685
Rudi Lamprecht 2006 845,520 747,819 651,022 28,625 2,272,986
2005 755,040 571,280 375,136(3) 28,975 1,730,431
Heinz-Joachim Neubürger(6) 2006 440,440 487,544 477,073 17,579 1,422,636
2005 755,040 571,280 466,627(3) 29,978 1,822,925
Dr. Jürgen Radomski 2006 845,520 747,819 728,408 29,701 2,351,448
2005 755,040 571,280 466,627(3) 25,442 1,818,389
Dr. Uriel J. Sharef 2006 845,520 747,819 728,408 39,228 2,360,975
2005 755,040 571,280 466,627(3) 38,886 1,831,833
Prof. Dr. Klaus Wucherer 2006 845,520 747,819 728,408 29,242 2,350,989
2005 755,040 571,280 466,627(3) 29,271 1,822,218
Eduardo Montes(7)(8) 2006 325,000 400,416 330,411 15,310 1,071,137
2005 – – – – –
Prof. Dr. Erich R. Reinhardt(8) 2006 714,990 658,513 633,237 32,174 2,038,914
2005 525,030 506,841 692,671(3) 32,294 1,756,836
Prof. Dr. Hermann Requardt(7)(8) 2006 291,750 321,558 292,633 7,618 913,559
2005 – – – – –
Prof. Dr. Claus Weyrich(8) 2006 505,500 543,031 531,368 27,083 1,606,982
2005 450,000 344,205 562,285(3) 25,500 1,381,990
Total 2006 9,500,840 9,214,892 8,652,925 470,603 27,839,260
2005 8,370,390 6,489,337 5,637,634(3) 367,777 20,865,138
(1) The amounts for 2006 shown in this table are those obtained after reducing the variable cash bonus in connection with the transfer of Managing Board remuneration
to the hardship fund for BenQ Mobile employees in Germany.
(2) Other compensation includes non-cash benefits in the form of company cars of €300,753 (2005: €282,112), subsidized insurance of €80,527 (2005: €85,665), accommo-
dation and moving expenses of €10,500 (2005: €0.00), and a cash settlement of stock awards of €78,823 (2005: €0.00).
(3) LT bonus cash portion.
(4) On January 27, 2005, Prof. Dr. Heinrich v. Pierer was elected to the Supervisory Board of Siemens AG. Dr. Klaus Kleinfeld was appointed to succeed Prof. Dr. Heinrich v. Pierer
as CEO and President of the Managing Board of Siemens AG, effective January 27, 2005.
(5) Joe Kaeser was appointed a full member of the Managing Board of Siemens AG, effective May 1, 2006.
(6) Heinz-Joachim Neubürger resigned from the Managing Board on April 30, 2006.
(7) Eduardo Montes and Prof. Dr. Hermann Requardt were appointed deputy members of the Managing Board of Siemens AG, effective May 1, 2006.
(8) Deputy members of the Managing Board. Prof. Dr. Hermann Requardt was appointed a full member of the Managing Board of Siemens AG, effective October 1, 2006.
The following table describes the details of cash compensation:
Both, the number of units and the values of the stock-based compensation components,
are shown in the following 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 stock awards are not eligible to receive dividends. The resulting
value amounted to €67.70 (2005: €57.28).
For fiscal year 2006, the members of the Managing Board received a total of 37,302 stock
awards, with a total fair value of €2,525,346. Stock options were no longer granted.