Ferrari has veto power over F1 regs?

[stroker]

http://www.pitpass.com/48762-Confirmed-Ferrari-has-veto-over-Formula-Ones-regulations

[Rogue Leader]

I guess this is true confirmation, but its something that has been known for a while (especially the prize money split part).

Its due to Ferrari's "historical significance" to the sport. No matter how you feel about them, Ferrari has probably 10x more fans than anyone else.

[NismoZ]

C'mon...who DIDN'T think the "F" in F-1 stood for Ferrari?:)