Loeb , Wilson , and Wolf submitted their resignations from Yahoo 's board in July 2013 .
Yahoo bought back 40 million shares from Third Point , leaving the hedge fund 's ownership at less than 2 % , so the three executives had to leave .
Loeb , Wilson , and Wolf submitted their resignations from Yahoo 's board in July 2013 , and Yahoo bought back 40 million shares from Third Point , leaving the hedge fund 's ownership at less than 2 % , so the three executives had to leave .