Siemens 2010 Annual Report Download - page 104

6 To our shareholders 21 Corporate Governance
23 Corporate Governance report
29 Corporate Governance statement pursuant to §a
of the German commercial code (HGB) (part of the
Combined management’s discussion and analysis)
30 Compliance report
34 Compensation report (part of Notes to
Consolidated Financial Statements)

Fixed compensation
(base compensation)
Variable cash
compensation component
(bonus)
(Amounts in number of units or €)    
Managing Board members serving as of September , 
Peter Löscher 1,980,000 1,980,000 4,084,622 2,552,512
Wolfgang Dehen 780,000 780,000 1,577,230 1,268,717
Brigitte Ederer 195,000 – 394,308 –
Dr. Heinrich Hiesinger  780,000 780,000 1,577,230 795,549
Joe Kaeser 780,000 780,000 1,577,230 985,624
Barbara Kux  780,000 680,333 1,577,230 862,421
Prof. Dr. Hermann Requardt 780,000 780,000 1,577,230 953,646
Prof. Dr. Siegfried Russwurm 780,000 780,000 1,577,230 985,624
Peter Y. Solmssen 780,000 780,000 1,577,230 985,624
Former member of the Managing Board
Jim Reid-Anderson  – 130,000 – 193,994
Total 7,635,000 7,470,333 15,519,540 9,583,711
1 The expenses recognized for stock-based compensation (Stock Awards) and for the Share Matching Plan for current and former members of the Managing Board in accordance
with IFRS in fiscal 2010 and 2009 amounted to €8,266,027 and €5,242,845, respectively. The following amounts pertained to the members of the Managing Board in office in fiscal
2010: Peter Löscher €1,930,604 (2009: €1,097,255), Wolfgang Dehen €734,877 (2009: €463,803), Brigitte Ederer €0 (2009: €0), Dr. Heinrich Hiesinger €974,015 (2009: €696,222),
Joe Kaeser €1,011,350 (2009: €730,740), Barbara Kux €276,178 (2009: €0), Prof. Dr. Hermann Requardt €975,639 (2009: €697,302), Prof. Dr. Siegfried Russwurm €741,426 (2009:
€483,864), Peter Y. Solmssen €680,793 (2009: €440,007). An amount of €0 (2009: €0) pertained to Jim Reid-Anderson, who was elected a full member of the Managing Board
effective May 1, 2008, and resigned from the Board effective November 30, 2008.
2 Other compensation includes non-cash benefits arising, for example, from the provision of company cars in the amount of €185,338 (2009: €184,643), subsidized insurance in
the amount of €71,904 (2009: €60,657) and reimbursement of legal and / or tax advice fees, accommodation and moving expenses and costs associated with preventive medical
examinations in the amount of €860,642 (2009: €640,029).
3 Brigitte Ederer was elected a full member of the Managing Board effective July 1, 2010.
4 Dr. Heinrich Hiesinger resigned from the Managing Board effective at the end of the day on September 30, 2010.
5 Barbara Kux was elected a full member of the Managing Board effective November 17, 2008.
6 Jim Reid-Anderson who was elected a full member of the Managing Board effective May 1, 2008, and resigned from the Board effective November 30, 2008,
received a consultant’s fee in fiscal 2010, as well as the compensation required under his post-contractual non-compete agreement.
The following compensation was determined for each of the
members of the Managing Board for fiscal  (individualized
disclosure):