Quote:
Originally Posted by fotze
What the fata is a president's list? Sounds like 'stealing from shareholders' list. You accountants are crooks, making up all these schemes to pay people.  |
Generally when a company is started ,the initial round of investors are selected by the president (if it' as highly-sough after investment) and 'allowed' to invest. This is because far more people want in then there is needed capital (for share dilution reasons, mainly), so a president's list invite means you get in on the ground floor, generally.
Consider it getting in on a low-priced, highly-anticipated IPO offering.