Loeb Checks Out of Yahoo!

    SUNNYVALE, CA - JULY 17:  The Yahoo logo is displayed in front of the Yahoo headqarters on July 17, 2012 in Sunnyvale, California.  Yahoo will report Q2 earnings one day after former Google executive Marissa Mayer was named as the new CEO. Photo by Justin Sullivan/Getty Images)

    Justin Sullivan

    Hedge fund investors Dan Loeb has resigned from Yahoo's board of directors after reaching an agreement with the company to sell nearly all of his shares. Loeb shook up Yahoo! after he acquired a stake in 2012, pushing out one CEO and helping to install Marissa Mayer. But with the stock having rallied significantly, Loeb is cashing out of this trade—at a tidy profit.

    Read it at Forbes