According to illseed over at Allhiphop, Nas was offer a presidential position over at Atlantic Records. This would have made him Jim Jones' boss.
Rightfully, Nas declined the offer. But, Nas had jokes. He reportedly said, "I'm still his boss [laughs]. I am above him. Who's not above Jim Jones? I don't know any of his records and I'm not even being funny. Like I know he's got a record called 'Ballin.' I hope it sells some records, but I swear to you I've never heard it." {spotted at Juicy News}