Jay-Z To Step Down As Def Jam President

They've been speculating about this shit for some time now, but now its real. Honestly, if I was Jay I would've left a long time ago and just went and chilled with B on some exotic island until I felt like recording again lol. I guess that's why I'm not Hov lol. Anyway, I wonder who everyone at Def Jam is gonna blame for their album not dropping or getting no promo now?? lol. Maybe they'll realize L.A. Reid is really the one in charge of what goes on and has the final say on everything lol.

Hey you know what would be ill?? If Dame came in and took over Jay's spot as el Presidente. I doubt it, but I can dream can't I?? lol. Aight well good luck Jay, you rich muthafucka! [FULL STORY]