The following table shows the total compensation paid to the members of the Group Executive Board for the financial years 2012 and 2011, broken down into individual components and including the highest amount paid to one member.
CHF in thousands | Total | Total Group Executive Board 2011 | Thereof Carsten | Thereof Carsten |
Fixed compensation in cash | 4’353 | 4'594 | 830 | 830 |
Variable compensation in cash | 3’092 | 2'641 | 635 | 442 |
Compensation in non-cash | 108 | 87 | 8 | 17 |
| Share-based payments fixed (1) | 35 | - | - | - |
| Share-based payments variable (2) | 1'191 | 1'168 | 252 | 175 |
Benefits paid following retirement from Group Executive Board | - | - | - | - |
Pension contributions (3) | 1’064 | 922 | 106 | 106 |
paid to alumni Members of the Group Executive Board (4) | 80 | - | - | - |
| Severance payments | - | - | - | - |
| Total compensation of the members of the Group Executive Board | 9’923 | 9'412 | 1’831 | 1'570 |
1) The shares are blocked for three years and may not be sold. Should the employee end his employment contract prior to 2017, the shares the remaining blocked revert to Swisscom. 2) The shares are blocked for three years. 3) During the reporting period CHF 170,000 was paid to one Group Executive Board member for retirement benefits as compensation for forfeited entitlements to share and option plans. He was awarded a total amount of CHF 500,000 spread over 2012–2014. 4) In 2012, CHF 80,000 was paid to one retired Group Executive Board member for advisory services in respect of support for the interim solution. | ||||