QUOTE (Anomnader @ Oct 19 2009, 01:53)

Why? Ron Dennis didn't get anything when Lewis did
And he's still only a MBE not a Sir
Ron Dennis is CBE as is Frank Williams, both being Commanders of the Most Excellent Order of the British Empire. If you are a Knight Commander or Knight Grand Cross within the order you get to use Sir but in the case of Sir Frank he is a Commander within an order of chivalry but also a Knight Bachelor (kt) (a Knight that is not of an order). So their correct titles are Sir Frank Williams, CBE and Ron Dennis, Esq, CBE.
Most other famous Sirs are Knights Bachelor rather then KBE or GBE. This is because the number of people in the higher ranks is limited to 300 GBE 845 KBE and 8960 CBE. Strangely there's no female equivalent to Knight Bachelor so women who would get this honour become DBE (equivalent to KBE).
The ranks go MBE, OBE, CBE, KBE/DBE, GBE. If you have an MBE but are later given an OBE then you drop the MBE but if you become kt you keep the MBE. You can also be a KBE without being Sir if you are an honorary KBE (non British or Commonwealth) like Bob Geldof, Bill Gates and Magnús Magnússon. There's also a separate military branch of the order so you can end up like Dame Kelly Holmes, DBE MBE and be a double member holding two different ranks!
Ron got his CBE is 2000, Frank in 1987 (knighted in 1999)
Of the other WDCs D Hill, Mansell, Clark, Surtees, Stewart, Brabham and Hulme became OBE whilst Hamilton and Jones are MBE. So Button is all but guaranteed to grab at least an MBE. For team owners there is less precedent, I think he might be given an MBE this year and then possibly upped to an OBE or CBE if he's still going strong as team boss in 5-10 years.