Blackstone isn’t exactly denying FT.com’s charge that they illegally shared one password and passed it around. Instead, they’re blaming it on some renegades. Specifically, employees in London:
New York Observer: “This all started several months ago when the FT brought to our attention the multiple uses of a single password in our London office,” a source at the Blackstone Group’s New York office told the Daily Transom. “We started negotiations with FT about how much we owe them for this, but then they just filed a lawsuit!”
We’re told that the New York office actually has 63 paid subscriptions, and the senior-level individual blamed for the misuse by the court papers filed by FT was not Mr. Schwartzman.
How can this be that hard to resolve? Buy a freakin’ subscription for everyone in the office who might want to read the site. We know times are tough, but It shouldn’t be that hard or expensive.