Is PDL BioPharma's (PDLI) McDade On the Way Out?

Could Daniel Loeb finally get the head of PDL BioPharma (Nasdaq: PDLI) CEO Mark McDade?

According to rumors today, noted by Adam Feuerstein at RealMoney.com, PDLI will have a meeting with Loeb's Third Point LLC this week and there is speculation McDade could be forced out.