Paypal to join Yahoo. Third Point began proceedings on Wednesday with a regulatory filing, over one month since it publically stated that it would be shaking things up unless Yahoo accepted its candidates for director. Last week, Third Point CEO Daniel Loeb offered Yahoo one last chance to comply. So Yahoo cannot claim that they were not warned, or that this move came out of the blue. Third Point, looking to protect its investment, is simply being true to its word. Of course, that will be of no consolation to Yahoo, which must now steel itself for what basically amounts to a shareholder mutiny. According to the