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Flavio Takes A Pay Cut

Flavio Takes A Pay Cut

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Flavio Briatore has taken at pay-cut at Renault as part of a cost-cutting measure for the Formula One team.

The Queens Park Rangers co-owner has seen his salary with the Formula One team cut by a fifth in response to the credit crunch he revealed to Reuters today (Friday).

He said: 'We are cutting the costs in the entire team, not just my salary,' Briatore told a news conference after practice at the Bahrain Grand Prix.

'The top people, myself and (technical director) Bob Bell and (engineering head) Pat Symonds have a cut of about 20 percent,

'The second level (of staff) have cut 10 percent and everybody else has a cut of five percent.'


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Writer:Boxer
Date:Friday April 24 2009
Time: 5:07PM

Comments

0
Poor Flav, I'm sure he can afford it. Guess where I was tonight, along with my wife... "The look and the sound of the voice, aah, aah, aah, aaaahh" Will answer in the Springbok at lunchtime.
QPR4Me
24/04/2009 23:36:00
0
Poor Flav, I'm sure he can afford it. Guess where I was tonight, along with my wife... "The look and the sound of the voice, aah, aah, aah, aaaahh" Will answer in the Springbok at lunchtime.
QPR4Me
24/04/2009 23:36:00
0
his activities at renault have nothing to do with what he does at QPR
LeeCookFan
25/04/2009 08:50:00
0
his activities at renault have nothing to do with what he does at QPR
LeeCookFan
25/04/2009 08:50:00
0
Well I think there are some links however tenuous - if there are rumours, unconfirmed, that he will retire from F1, this may well be a catalyst..
Boxer
25/04/2009 09:25:00
0
Well I think there are some links however tenuous - if there are rumours, unconfirmed, that he will retire from F1, this may well be a catalyst..
Boxer
25/04/2009 09:25:00
0
I can't see that a pay cut would make him decide to leave F1. If he did, it would be so he could devote more time to his coaching badge.
ImSitiv
25/04/2009 10:14:00
0
I can't see that a pay cut would make him decide to leave F1. If he did, it would be so he could devote more time to his coaching badge.
ImSitiv
25/04/2009 10:14:00
0
Oh ImSitiv! That's low, lol - Surely he doesn't need a coaching badge, when they ask if he has the qualifications he'll hold whoever is 'head coach' infront of him at the time...
Boxer
25/04/2009 10:53:00
0
Oh ImSitiv! That's low, lol - Surely he doesn't need a coaching badge, when they ask if he has the qualifications he'll hold whoever is 'head coach' infront of him at the time...
Boxer
25/04/2009 10:53:00
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