Mercedes 2006 Annual Report Download - page 138
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122
€7.5 million was paid as fixed, i.e. non-performance-related com-
pensation, €9.2 million as short-term variable, i.e. short-term
performance-related compensation, and €3.8 million as variable
performance-related compensation with medium-term and long-
term incentive effects that was granted in previous years and be-
came due for payment in 2006. This totaled an amount of €20.5
million for the year 2006 (2005: €34.9 million, of which €9.3
million was fixed and €25.6 million was variable compensation).
688
405
410
752
136
595
387
131
334
3,838
1,500
525
550
717
525
502
502
575
525
5,921
5,091
1,919
1,953
2,405
1,709
1,724
1,644
1,878
2,210
20,533
2,564
844
837
861
921
582
687
1,018
921
9,235
339
145
156
75
127
45
68
154
430
1,539
7,460 13,073
In thousands of €
Board of Management compensation for 2006
Base salary Benefits
in kind
Annual
bonus
Mid- and
long-term1,2
compensation
Total
Fixed compensation Variable compensation
Dr. Dieter Zetsche
Günther Fleig
Dr. Rüdiger Grube
Thomas W. LaSorda
Andreas Renschler
Eric R. Ridenour
Thomas W. Sidlik
Bodo Uebber
Dr. Thomas Weber
Subtotal
Total
1 The figures shown here comprise the pay-out of the 2003 Medium Term Incentive and the divi-
dend equivalent of the phantom shares from the 2004 Medium Term Incentive as well as from
the 2005 and 2006 Performance Phantom Share Plans. The so-called Medium Term Incentive is
a share based compensation component that was replaced by the Performance Phantom Share
Plan in 2005.
2 In addition, options were exercisable from the stock option plans granted in prior years: two Board
of Management members exercised a total of 148,000 options from 2003 Stock Option Plan.
The figures in this column also include the variable compensation with long-term incentive effect
paid in this context (Mr. LaSorda €447 thousand, Mr. Ridenour €401 thousand). Further details
of directors’ dealings are given in the Corporate Governance Report. Further information on stock-
based compensation can be found in Note 23 of the Notes to the Consolidated Financial
Statements.