Loeb Checks Out of Yahoo!

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.