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    Motorsports: $80M Ferrari deal would make Vettel world's highest-paid sportsman
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    Formula One is in for a big shakeup next season, as the only two multiple World Champions on the grid are kicking off a game of musical chairs. Just who will end up where has yet to be figured out, but the overwhelmingly prevailing wisdom has Sebastian Vettel, who has already announced his ...

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    Followup: GM's Barra could make more than her predecessor after all
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    Reports are coming in that Mary Barra, the first female leader of a major automaker, will make $14.4 million this year, some $10 million more than previously reported and over $3 million more than her predecessor, Dan Akerson, made in 2012. In fact, it's 60 percent more than Akerson made in 2013, ...

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    Report: Clarkson, Hammond and May sign new 3-year BBC deal to host Top Gear
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    And now...the news! Jeremy Clarkson, James May and Richard Hammond, a.k.a. the Top Gear blokes, have signed a new three-year deal to continue hosting the globally popular BBC2 program. The new deal specifies that Hammond and May will receive a share of Top Gear commercial revenue in exchange for ...

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    New GM CEO Akerson to earn salary of $1.7 million
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    Dan Akerson, the man who just recently replaced Ed Whitacre as General Motors' CEO, will be paid an annual salary of a cool $1.7 million. That's an awfully pretty penny, but Akerson indeed has his work cut out for him – The General is finally on its way to public ownership, with a stock IPO ...

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    Report: Merit pay returns to General Motors
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    When General Motors was on the verge of bankruptcy, cuts were made to salaried workers' pay and benefits. The move was important to help preserve as much cash as possible while also showing the federal government and the United Auto Workers that everybody in the company was making a sacrifice. Some ...

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    REPORT: Chrysler working to skirt federally-manded $500,000 executive salary cap
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    As previously reported, once Chrysler dipped its beak into the Federal coffers, the top 25 executive salaries would be capped at $500,000 per year. However, it seems the bankrupt automaker's new parent has found a way around the salary limitation by making the senior Chrysler officers Fiat ...

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    Wagoner gets a raise to what he made in 2003
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    After an abysmal 2005 where GM lost over $10 billion, CEO Rick Wagoner received a sizable pay cut from $2.2M to $1.28M. Yeah, we know, cry him freakin' river. The General's relative success of late, however, has convinced the board that Wagoner deserves to have his annual pay restored to the $2.2M ...

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    Schumi's retired, but he still makes more than you
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    For a retiree, Michael Schumacher sure has been getting a lot of press lately. If he's not testing prototypes for Ferrari, he's taking on rivals in the Race of Champions or getting in trouble with the fuzz for driving a taxi. But the 7-time world champion is also making an awful lot of money for ...

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    U of M Economics professor tackles tough question of UAW wages
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    UPDATE: Link to source finally added. Our bad. var digg_url = 'http://digg.com/business_finance/WTF_American_car_workers_make_more_than_University_professors_with_Ph_D'; A tip sent us to the blog of Dr. Mark J. Perry, professor of economics and finance at the University of Michigan, who points ...

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    Takuma Sato earns the big bucks
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    You may be shocked and startled to find out that Takuma Sato is among the highest-paid drivers in F1. This despite his dismal driving record, reputation as an irresponsible driver, and inability to hold on to his race seat without protection from his patrons at Honda. Factoring in his salary from ...

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    Bill Ford's compensation falls 40 percent to $13.3M
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    Ford Motor released details of its executive compensation Friday, as part of its 2006 proxy statement to the Securities and Exchange Commission. At the top of the list is chairman and CEO Bill Ford, whose 2005 total compensation took a big hit, falling 40 percent to $13,298,279. In all fairness, ...

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