salary

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...