Doerr Leaving Intuit's Board

L. John Doerr, the legendary technology venture capitalist, told Intuit's Board of Directors this week that he won't stand for re-election to the board at the company's Dec. 14 shareholder's meeting. <P> According to a <a href="http://www.sec.gov/Archives/edgar/data/896878/000095013407022010/f34854e8vk.htm">filing with the U.S. Securities and Exchange Commission</a> by Intuit Friday morning, "On October 24, 2007, L. John Doerr informed the Board of Directors of Intuit Inc. that he will not stand for re-election at Intuit's annual meeting of stockholders on December 14, 2007." <P> Doerr will thus end a 17-year tenure on the board of Intuit, which rose to industry prominence during Doerr's time there with its Quicken and QuickBooks finance products, as well as its personal tax software. Doerr's time at Intuit also included the company's ill-fated decision to be bought out by Microsoft, a merger that was proposed in 1995 but ultimately collapsed after the U.S. Department of Justice launched an investigation into whether or not a merger would have antitrust implications. <P> A partner in the Menlo Park, Calif.-based venture firm of Kleiner Perkins Caufield and Byers, Doerr will still have a busy schedule. He continues to sit on the boards of Amazon.com and Google. He did, though, step down from Sun Microsystems' Board of Directors in 2006 after several years as a director there.