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AAP
AAP
Business
Derek Rose

YOU WONT BELIEVE: Data centre boss loses bonuses after stock sell off - You Need To See This

A plunging share price has sparked executive bonus cuts and a board shake-up at a data centre firm. (Joanna Kordina/AAP PHOTOS)

The boss of a major data centre operator is giving up bonuses worth millions amid a botched facility rollout that has cost investors billions.

NextDC chief executive Craig Scroggie has agreed to forgo annual short-term and long-term bonuses valued at up to $7.5 million, while the group's board of directors will now take a pay cut after earlier planning to ask shareholders for a raise.

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