NextDC executives should be accountable for financial woes
Craig Scroggie faces a shareholder revolt over executive pay after community protests against Melbourne transmission lines crushed market value.
Craig Scroggie faces a shareholder revolt over executive pay after community protests against Melbourne transmission lines crushed market value.
NextDC boss Craig Scroggie said he was sorry residents felt they had been left behind by his plans to build a major AI data centre in West Footscray.
There’s no respite for the Craig Scroggie-led company as an upcoming vote on a generous remuneration structure for executives is set to go down to the wire.
Chief executive Craig Scroggie’s grand plan to create an artificial intelligence and high-tech precinct and create thousands of jobs has hit a wall.
Douglas Flynn will step down from the data centre developer’s board and the CEO’s bonuses will be scrapped after significant delays to a Melbourne project.
The fortunes of data centre business NextDC took a massive dive this week when its massive expansion plans hit a power pole in suburban Melbourne.
The fortunes of data centre business NextDC took a massive dive this week when its massive expansion plans hit a power pole in suburban Melbourne.