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Originally Posted by 3798j
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Its an interesting article and all of this could be have been avoided with RBR maybe asking some clarification questions I'd suggest. For anyone who has ever done a financial audit with the big 4 the view of your own finance team and them often differs on how things have been accounted for and they aren't always right either; but sometimes they are and painful adjustments to accounts need to be made, its madly complex but that is why the accountants get the pennies.
So in a complex environment of RBR Finance view and sign off with EY the FIA and Delotte then also looking over accounts it can and will get very complex, but all the other teams have managed it with only two others having late or procedure issues already sorted. As mentioned before EY can quite rightly sign off accounts that meet the accounting standard but when reviewed in the cost cap sense of what is in and out the lines will blur. If Adrian is the bone of contention then it could be argued if he is being paid as an expensive consultant then he isn't an employee he is a supplier providing services to many different divisions, he could still be doing some work for AMR on the only hypercar, no idea. As such he wouldn't be able to be called as one of the top 3 paid.
Christian gets circa £5m from one of the companies, Helmet might be £2m from the looks of it and the CFO gets £300k from my brief look at the directors but for one reason or another despite his seniority Adrian doesn't appear to be a director. The reason the above is hard to see what's what is some companies only this three directors Helmut, CH and DM so when it says one gets £2m its hard to know which.
They are also operating across 6 different companies again further complicating things and arguable its then also easier to apportion costs away from F1 into other business. Could I for example pay someone as working not the new engines business but they are actually doing core F1 design and analysis work, course you could, is that fraud as per the comment from RB, maybe. But OMG it would be hard to find and prove but those teams with complex structures and separate engine business 'could' do this in theory.
Oh and now a few weeks post requirement to publish accounts in the UK, RBR, Advanced and Powertrain et al still haven't filed...!
