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A Group Management Report and Management Report on Salzgitter AG I. Business and the Environment 52 53
in € Annual payment in 2006
Fixed Remuneration Variable Total
remuneration in kind remuneration
Wolfgang Leese (Chairman) 504,000 42,810 616,000 1,162,810
Wolfgang Eging 315,000 7,940 385,000 707,940
Hans Fischer 315,000 15,778 385,000 715,778
Dr.-Ing. Heinz Jörg Fuhrmann 415,020 24,496 385,000 824,516
Heinz Groschke 315,000 15,052 385,000 715,052
Peter-Jürgen Schneider 315,000 32,143 385,000 732,143
Total 2,179,020 138,219 2,541,000 4,858,239
in € Pension claim
Annual pay- Transfers to Annual pay- Transfers to
ment upon pension ment upon pension
pension eligi- provisions pension eligi- provisions
bility (as per in FY 2007 bility (as per in FY 2006
31/12/2007) 31/12/2006)
Dr.-Ing. Wolfgang Leese (Chairman) 360,0001) 1,537,828 239,2851) Dr.-Ing. Heinz Jörg Fuhrmann
57,684
(Vice Chairman) 240,0001) 292,347 180,0001) 37,251
Wolfgang Eging 200,0001) 682,091 128,0001) 38,841
Hans Fischer 168,000 247,478 101,069 137,159
Heinz Groschke 200,0001) 769,181 120,3201) 165,813
Peter-Jürgen Schneider 80,000 235,980 52,224 62,977
Total 1,248,000 3,764,905 820,898 499,725
Remuneration of the Supervisory Board
The individual members of the Supervisory Board receive annual remuneration in accordance with the
resolution of the General Meeting of Shareholders of November 17, 2005. This remuneration consists
of a fixed component of € 12,000 and two performance-related components. The first performancerelated
component depends on the dividend paid to the shareholders in the respective financial year;
it comes to € 400 per dividend of € 0.01 which is disbursed in excess of € 0.20 per share. The other
variable component depends on the average consolidated result (EBT) of the last three financial years,
and thus on the long-term success of the company; it comes to € 300 per full € 10 million on the
portion of the pre-tax result which exceeds € 150 million on average over the last three financial years.
The Chairman of the Supervisory Board receives double and the Vice Chairman one and a half
times the amount resulting from the addition of the respective remuneration components. In addition,
compensation is paid for membership of committees of the Supervisory Board as well as attendance
fees.
In application of the aforementioned resolutions of the General Meeting of Shareholders which are not
capped, the Supervisory Board resolved unanimously in 2007 that the remuneration of the members
of the Supervisory Board is to be limited until further notice to a maximum of € 80,000, that of the
Chairman to double and that of the Vice Chairman to one and a half times this amount, excepting
committee remuneration and attendance fees. This voluntary self-imposed limitation (cap) is applicable
to remuneration for the first time in financial year 2007.
1) Including a pension
commitment taken
over against compensation
by the former
employer
Business and
the Environment