Yahoo! Australia
Online media company
Formed in 1996 as a 50:50 partnership between the Seven Network Ltd and Yahoo! Inc. joining together Yahoo!'s global online assets with the TV and magazine content of the Seven Network. In 2018 Yahoo!'s parent company Verizon took over complete ownership. In 2021 Apollo Global Management bought 90% of Yahoo! from Verizon.

Overall

Owned USA
Rating F
About the Ratings

Company Ownership

Yahoo!7 Pty Ltd
AUS
Yahoo! Inc
owns 100% of Yahoo!7 Pty Ltd
USA
Internet services
Created by Verizon in 2017 to serve as an umbrella company for its digital content subdivisions, including AOL and Yahoo!. Known as Oath Inc from 2017, Verizon Media from 2019, and Yahoo! Inc from 2021, following Apollo Global Management's acquisition of 90% of the company.
Apollo Global Management Inc
owns 90% of Yahoo! Inc
USA
Private equity
Verizon Communications Inc
owns 10% of Yahoo! Inc
USA
Telecommunications
USAs largest wireless communications service provider. Bought AOL in 2015 and Yahoo! in 2017, but sold them in 2021.

Company Assessment

Yahoo!7 Pty Ltd
Criticism
In Feb 2017 Yahoo7 was fined $300,000 and convicted of contempt of court for publishing an article that aborted a murder trial, with a judge saying that one of Australia's biggest media companies put profits before professional journalism. Its employee, Sydney journalist Krystal Johnson, who wrote the article, received a good behaviour bond.
Yahoo! Inc
Criticism
Yahoo Sports is one of the largest fantasy sports players in the USA, and also offers extensive sports betting facilities. In 2023 Yahoo acquired Wagr, further extending their sports betting capabilities.
Information
As You Sow's 2017 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Marissa A. Mayer came in at number 11 on the list, having been paid US$35,981,107 in 2015. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
Greenpeace's 2017 report 'Clicking Clean' looks at the energy footprints of large data centre operators and popular websites and applications, and calls on these companies to power their data centres on renewable energy. Companies are graded (A,B,C,D,F) on their commitment to and procurement of renewable energy, as well as energy efficiency, transparency and advocacy. This company's final grade was B. [Listed under Information due to age of report]
Ranking Digital Rights (RDR) evaluates and ranks 14 of the world's most powerful digital platforms on their policies and practices affecting people's rights to freedom of expression and privacy. In RDR's 2022 Big Tech Scorecard, none of the digital platforms earned a passing grade. This company ranked #2/14, with a total score of 54/100.
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Yahoo! has received criticism for a variety of issues. Follow link for full rundown.
Apollo Global Management Inc
Praise
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
America's Most Responsible Companies 2022 by Newsweek and Statista recognises the Top 500 most responsible companies in the United States. Companies were evaluated in three areas: environmental (waste, energy use, etc.), social (leadership diversity, employees and philanthropy) and governance (transparency and economic performance). This company received a total score of 70.6/100, ranking 24th in the Financial sector, and 312nd overall.
Criticism
The 2022 Financial System Benchmark ranks 400 financial institutions across three measurement areas: governance and strategy, respecting planetary boundaries (environment, climate and biodiversity) and adhering to societal conventions (human rights). This company ranked #275/400, with a total score of 5.2/100.
This company received an S&P Global ESG Score of 34/100 in the Diversified Financial Services and Capital Markets category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 21 Oct 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2024 rankings the public identified 20 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 528th of 937 companies, and 27th of 38 Capital Markets companies.
In 2016 the US Securities & Exchange Commission (SEC) issued a US$53m fine against this company for several securities law violations. The company agreed to settle the case, resolving accusations that the firm misled investors. They had been charged with concealing important details from investors, failing to fully explain policies on monitoring fees, and not disclosing details about a loan they took from some of the company's private equity funds. The SEC found that the failure to disclose, coupled with hidden monitoring fees, amounted to violations of securities laws.
Information
This company has responsibility claims on its website in the area of recognising the importance of environmental, social and governance issues and taking them into account.
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.

Company Details

Type:
Wholly-owned subsidiary
Revenue:
72.3 million AUD (2017)
Employees:
373 (2012)

Contact Details

Address:
Level 2 Lot 2 Pier 8&9, Millers Point, NSW, 2000, Australia
Phone:
02 8288 4600
Website:
au.yahoo.com

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