Red Bull reportedly cutting employees fat bonus checks for winning world championships

Filed under: Motorsports, Earnings/Financials

Winning the Formula One World Championship may be motivation enough. But as an added reward, Red Bull chief Dietrich Mateschitz is reportedly giving each of his employees at Red Bull Racing a big fat bonus for having taken home both titles this year.

According to reports, each of the 500+ staff members at the team's headquarters in Milton Keynes, England, will receive at least £10,000 (~$16k), but that's just the tip of the proverbial iceberg. Some senior staff members stand to rake in up to £42k ($67k), while Sebastian Vettel - the driver who took home the top prize - is expected to get €3 million, equivalent to over $4 million in American terms.

With Mateschitz many times over a billionaire and the team waiting for nearly $100 million in purse winnings for the titles, the team can easily afford the bonuses, and are certainly most deserving.

[Source: PistonHeads | Image: Vladimir Rys/Getty]

Red Bull reportedly cutting employees fat bonus checks for winning world championships originally appeared on Autoblog on Wed, 24 Nov 2010 17:32:00 EST. Please see our terms for use of feeds.

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Source: http://www.autoblog.com/2010/11/24/red-bull-reportedly-cutting-employees-fat-bonus-checks-for-winni/

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