Board of Management
Remuneration
The remuneration of the Board of Management comprises an annual base salary, a fixed supplement and a variable bonus that is oriented to the achievement of defined EBITDA targets for the Bayer Group.
The remuneration of the individual members of the Board of Management for 2007 was as follows:
The remuneration of the individual members of the Board of Management for 2007 was as follows:
| EUR | Werner Wenning |
Klaus Kühn |
Wolfgang Plischke |
Richard Pott |
Total |
| Base salary | 748,872 | 412,236 | 412,236 | 412,236 | 1,985,580 |
| Fixed supplement | 325,132 | 316,366 | 170,647 | 170,647 | 982,792 |
| Variable bonus | 2,168,878 | 1,379,994 | 1,109,995 | 1,109,995 | 5,768,862 |
| Remuneration in kind and other benefits |
51,104 | 35,769 | 25,208 | 33,237 | 145,318 |
| Directly effected remuneration |
3,293,986 | 2,144,365 | 1,718,086 | 1,726,115 | 8,882,552 |
| Stock-based compensation entitlements earned in the respective year |
1,149,675 | 698,890 | 358,924 | 631,618 | 2,839,107 |
| Change in value of existing entitlements |
889,725 | 510,121 | 100,950 | 491,935 | 1,992,731 |
Details regarding the remuneration of the Board of Management can be found under external link: Annual Report 2007.