The last six months haven't been kind to Ray Lane.
According to a Bloomberg report, the former chairman of Hewlett-Packard has been fending off an IRS case putting him on the hook for a $100 million in taxes, all while he was trying to steer HP through snafus that culminated in his departure from the board.
Tax-court documents show the IRS in December found that Lane improperly used his partnership, Vanadium Partners Fund LLC, to claim $251 million in losses to offset income. Lane has appealed, disputing the agency's claim that his fund lacked legitimate business purpose.
Lane, … Read more