Earlier today I suggested that we were headed toward a two-tier information economy where wealthy people pay for good stuff and everyone else gets free crappy stuff. But I may have miscalculated–maybe even rich people won’t be willing to buy the good stuff.
That’s one lesson you might derive from this odd lawsuit: The Financial Times is suing Stephen Schwarzman’s Blackstone Group (BX), claiming that the private equity group has been defrauding it since 2002. How? By allowing multiple people to use a single account to access articles on the paper’s FT.com site.
i think it's quite funny that blackstone is rubbing nickels together. this is the same stephen schwarzman that paid rod stewart $1,000,000.00 to play for his 60th birthday party 2 years ago, followed by a several billion dollar IPO for BX.