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They live in Kent, south of London, so their two children can have access to its high quality selective state schools.

他们住在伦敦南部的肯特，这样，他们的两个孩子就能上高质量的公立学校。

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Access to selective colleges increasingly determines lifetime earnings, and has become an arbiter of access to the key positions of power and influence in American society.

在美国社会，只有名牌大学的毕业生才能获得拥有权力与影响力的关键职位。

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We also find significant potential trading gains over three- to 30-day horizons after the conference for firms providing formal off-line access, suggesting that selective access can lead to profitable trading opportunities.

FORBES: Can Investors Benefit from Private Meetings with Management?

While we cannot conclusively determine that managers are providing selective disclosure in these off-line settings, our evidence does suggest that selective access to management conveys more benefits to investors than public access even in the post-Reg FD period.

FORBES: Can Investors Benefit from Private Meetings with Management?

We find significant increases in trade sizes during the hours when firms provide off-line access to investors and after the presentation when the CEO is present, consistent with selective access providing investors with information that they perceive to be valuable enough to trade upon.

FORBES: Can Investors Benefit from Private Meetings with Management?