Excuse us for not being overwhelmed by NextDC chief executive Craig Scroggie’s decision to forgo his short and long-term bonuses for the 2027 financial year. Chanticleer has more chance of riding the winner of the Melbourne Cup than Scroggie had of cashing in those chips.
Even if the board had been crazy enough to agree to proceed with the bonuses after watching NextDC’s share price crater 63 per cent in the past six months, there’s no chance in hell that shareholders would have approved the grant of performance rights and restricted rates at NextDC’s annual general meeting on November 20.
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