David Batchelder, a Relational partner, told Intuit he would not seek re-election to the board of directors at the company’s January shareholder meeting. Batchelder came on board two years ago as his firm bought a ton of stock and nominated three candidates for the board of directors, threatening a proxy fight. I've always suspected the former Intuit CEO Stephen Bennett, who resigned from the board right before Batchelder came on, did it as part of CEO Brad Smith's plan to deal with the firm. But in the last few months, Relational, which said it wanted to diversify its holdings, has sold about 6.3 million of 11.2 million shares for just over $302 million in gross proceeds. This was an investment group that has deposed CEOs at underperforming companies, but it hardly made a peep during its time with Intuit. So what started at as a potential newsworthy investment has come and gone quietly.