At stockholder meeting, Intuit CEO hints at role in small business lending
With small business lending opportunities tight because of the reluctance of many financial institutions to qualify businesses for loans, Intuit is looking at ways it could work with small businesses and lenders to help provide better financial strength...
“In the era of cloud-based technologies, the world’s borders have come down. About 40 percent of our U.S.-based small business users are doing business outside of the country.”
The participation-driven development strategy is also enabling Intuit to gain more traction internationally. The new QuickBooks Online includes functions that allow users to customize the accounting system into 42 languages and to update and share their national or local taxation and financial rules with others. As a result, the system now has users in 162 countries.
The annual stockholder meeting also included the reelection of Intuit’s board of directors, which is led by chairman Bill Campbell, as well as approval of executive compensation and material terms. The company plans on filing form 8-K within four business days.
Intuit stock opened Wednesday at 63.01, and at the time of this article was trading at an all-time high of 63.57.
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