Jay-Z Steps Down

Posted on December 24th, 2007 - By Bossip Staff

Categories: Jay-Z, News

Posted By Bossip Staff

jayzstepsdown

It’s over. Jay-Z will step down as the president of Def Jam when his contract expires this year. Where does this leave the Stans? We can imagine the facial expressions on LL and every other Def Jam artist who believed Camel was the root of their problems.

Source

  • Lilly Allen

    FIRST!!!!!!!!!!!

    It’s about time now some real artists can get some shine!

    Merry Christmas

  • noirule

    1st

    Guess he’s on to BIGGA and better things…SWEET

  • Dalia

    I knew that was coming. Too much mess was going on and Jay-Z was the only one getting rich!

  • SOPHIE

    oh oh, i smell trouble. now that he wont be so busy BDAY will have nothing but time to get his ass to hitch her up…lol

    it’s been a good run. go relax jay, relax.

    I WONDER WHAT THIS MEANS FOR RIHANNA?

  • Just a thought….

    I mean we knew this was coming.

    I mean it’s different if you were an successful artist and hen you naturally move up in the industry to an executive position. But it’s another thing when you get it just because you have been one of the more successful artists on the label.

    Alot of these “young” cats are getting way too much success and haven’t even earned it or don’t know anything about the industry. They want to own everything before they are 40 and think they can be in every industry. I mean some of these cats really think they are doing things, up there witht he big dogs.

  • leave it be

    oh…..

  • shesofine

    Oh well…. he’s still rolling in dough!!!

  • Karima

    Jigga Man you did good and who have to deal with other things now like you been doing they can’t knock the hustle.

    Jigga Man the game was/is yours Now you can gracefully boul out of Def Jam.

    Biggest fan soon to be wife ONE DAY.

  • http://www.GOTSTRONG.com GOTSTRONG
  • sister

    FYI…he’s going to Sony’s New Music Group with Rick Rubin…watch.

    he’s on top of his game now kids…he’s only moving ahead…

  • anonymous

    “I wonder what this means for rihanna.”

    please. rihanna just won YET ANOTHER award over has-been beyonce the other night, and with the grammys coming up, she’s on to bigger and better things.

  • sister

    also FYI…Def Jam R&B THRIVED under Jay-Z…hip-hop was down, but it was that way industry wide…

  • anonymous

    but if he’s the almighty jay-z like you dick-riders make him out to be, then def jam should have had the biggest sales ever in their entire history.

  • sister

    anonymous…

    nobody’s a d*-rider, but not a hater either…man did and is doing his thing…you can’t not like him personally or as performer…but he’s kinda gettin it right now…seriously…he owns an NBA team, has a franchise bar about to drop in Vegas and might open a hotel in MANHATTAN, NY!!! that’s kinda major.

  • Strong Black Man

    lol he was the president of Def Jam??????

    “just a hype man for the white man”

  • Really

    Steps down or got fired? Let’s use the right terminology.

  • candycane32811

    On the rihanna comment so what she won another award…its about time she has but don’t forget this is her THIRD album and is she finally get recognition cause of being Jigga ho!!!

  • Really

    @ Sister… He owns like 1% of an NBA team, that hardly suffices that he owns.]]About his ownership of the 40/40… let the next employee scandal drop and he will be running to the judges saying he is “only an investor, not an owner.” Just like he did last time.

    I know Beyaki got a kick out of telling people that Jay-z was the CEO of Def Jam, not just a rapper. I hope she is still attracted to him some other way or gets her kicks some other way.

  • BEAST

    We’ll see what happens… chance are that he and Rick Rubin will hook up. But… NE-YO, RHIANNA, ALL OF ROC-A-FELLA ARTIST…JADA KISS, BEANS, NAS… WHAT WILL HAPPEN TO THEM????

  • chani

    Okay Jay is gone…so is Ll no longer Washed up? Please…half Of them complaining was flopping Before Jay and will flop after him.hate on haters

  • andie

    wow. What’s next cause you know he’s not going back into retirement. I’m just glad he’s giving this record deal up while he’s “ahead”

  • a dub

    I do not care what anyone says. There a lot of people on Def Jam who no one would know if it weren’t for Jay-Z.

  • Keepin’ It Real (D’Original)

    Some of ya’ll forgot, he got $204 Million Dollars in the bank…

    Let me repeat that for the ones that are slow and/or forgot that… $204 Million Dollars – not stocks, bonds or mutual funds, but CASH…

    If you had $204 Million Dollars (“CA$H” – just had to repeat it one more time, because some of ya’ll are REALLY slow) would you really care about much of anything else?

    Just keep that in mind when you are about to diss this man… Just think about what this man has done with his life and where he’s at and then think about where you’re at and your cash flow…

    Enough said…

    Haters continue on, if you must…

    Oh yeah, Merry Christmas :- )

  • persona

    Who do you even know on Def Jam other than Rihanna?

  • BEAST

    Co- sign @Really… I like Jay but it is almost like a player/ coach in sports. You really can’t do both, People keep saying that LL flop and washed up, but he was doing good numbers. LL, METH, REDMAN… I mean alot of dudes were having issue with Jay. Even Memphis Bleek (who never came out with a album), Beans numbers down, Nas numbers down. You can’t put that all on Jay, but when your artist saying that they can’t get thier budgets approve because Jay is off working on his 2! ALBUMS and everyone else is getting selved or pushed back… Jay approved 15million in budget money with his two albums and Kanye’s… So, we will see if it was Jay or the artist themselves. BUT IF DAME GETS THAT SEAT…. NE-YO, RIHANNA AND EVERY OTHER R&B ACT BETTER RUN… INCLUDING MARIAH CAREY…

  • BEAST

    @KEEPIN’ IT REAL, HE GOT MORE THAN THAT REAL TALK. SEAN CARTER’S EST. WORTH WAS PUT AT 365 MILLION DOLLARS, BY FORBES MAG LAST YEAR…BUT, I DON’T THINK IT IS ABOUT PAPER WITH JAY, DO YOU THINK MAYBE I AM WRONG????

  • Hunny Bunz

    He didnt do shyt but promote his own wack ass albums – I’m a fan of Uncle Hove, but go out on top. Be like 60 rapping bout jewels, old nursing home biches and ben-gay rub down…….

  • Spoonie G

    Now there is enough paper for all of us washed up over 40 rappers to sign with Def Jam. LL you, Kool Moe, Three Times Dope, Kwame, everybody named Roxanne and myself are about to shine.

  • Coop

    Now who will LL blame?

  • Brenda

    Please tell LL that yes Jay Z is gone and we still don’t want to hear his ASS rap again. So don’t get any ideas.

  • BEAST

    @Zeta your half right, he did sell the clothing line, and made twice as much as the (“he probably has about 30 mill in cash value, granted he’s still rich but again the stans need to get their facts straight and stop staning so much.”) that you put up… SO you the STAN… AND I never said he had 346 mil in the bank, (you cant read either) I said it was his net worth. YOU CAN EASLIY LOOK UP HIS BUSINESS DEALINGS THAT HAVE BEEN LOCKED IN… AND YOU DO THE MATH…SILLY ASS HO, MAN… SMH…

  • A True Gem

    If Bey and Jay do form their own label, what stupid mofo would signed to them. Both of them would eat up the promotion money. hello?

  • A True Gem

    To all the people that thinks Jay has 400 million dollars sitting a bank….? That is how much he is ESTIMATED to have we all had algebra and geometry in high school. When they calculate all of his business together they estimated that they are worth 400 million dollars. People!

  • Keepin’ It Real (D’Original)

    @ Beast

    I hear you Slim… I was just trying to bring up a simple point to the simple minded haters that are going to start talking out of their a$$…

    To keep it simple and straight forward, once you’ve achieved soo much success = both personally, professionally and financially, there’s other things that you want to do in life… For him, according to his recent interviews (Charlie Rose in particular) the next thing that he’s trying to do is create history…

    Think about it, he’s been with the baddest women on the planet, been everywhere – from the most exotic islands to everywhere in between, driven every kind of car, did work with Kofi Annan and the United Nations, had a shoe with his name on it, had lunch and meetings with the wealthiest man on the planet (Bill Gates), has $204 Million Dollars in the bank…

    All this since his first album dropped in ’96 and remember he was sellin’ crack before that…

    They can call him Joe Camel all they want but do you think he really cares at this point in time in his life… Would you, if you were in his shoes?

  • BEAST

    @A True Gem, they would eat the promotion money too,lol…

  • Lady Alexis

    HE HAD A GREAT YEAR AND DID WELL AT DEF JAM!!!!

    i still ridi wit hovie baby

  • Holla

    Zeta and True Gem thank you for clearing up the estimated “worth” term for these dumb ass stans obviously they are uneducated ghetto trash that don’t know the meaning of anything that has to do with money or economic just cause forbes says a person is “worth” 250,350,or 500 million “DOES NOT” mean thats what they have in the bank, simple minded morons.

  • http://deleted virginia5665

    i hardly can see he is singing.

  • Keepin’ It Real (D’Original)

    @wow1 and holla…

    I don’t usually do the back and forth thing, but ya’ll can suck my mother f*cking dick you f*cking clowns…

    First of all I graduated college from one of the top schools in the country and I work at a Forbes 100 Firm… And currently do corporate tax work and have done so for over 6 years…

    Look, I don’t care how much money he made because it’s not putting any money in my pocket and it’s not affecting me in any shape or form…

    My basic point was that he sold Rocawear for a lot of money… Basically more money than everyone on here will make in there life time realistically and he deserves the praise because it’s an amazing accomplishment especially considering his background…

    And it’s not a fictious number you dumb a$$, it was in all the headlines and not hard to miss the fact that he sold his clothing line for $204 Million which in turn actually banked him $82 Million…

    I happen to pay attention to the headlines because I’m a Jay-Z fan (*not stan) and I worked at Sean John for a minute and pay attention to the big business happenings in and out of fashion…

    “told him to kick rocks”… You’re corny go somewhere with that bull$%it

  • http://www.myspace.com/msmeka2cute Mz_Magnificent1

    OMG he was just hired for promotional purposes only…why do people seriously think this man was the “President” of Def Jam?

    It was all hype and you know Lyor Cohen probably put him onto the position anyways. Jay has pretty much served his purpose and now its time for him to move on…

  • Keepin’ It Real (D’Original)

    Oh yeah, to keep it technical it was $82 Million *before taxes…

    @Well Well Well – What’s your point?

  • dani

    wow..I knew this was going to happen..I wonder what caused him to not extend his contract on Def Jam?? *sigh* I missed the days when Lyor Cohen and Kevin Liles ran the label

  • http://www.myspace.com/birdshu Bird

    Lets not rush to judgement here. I’m sure LL’s releases will get more promotion now. I’m sure of it. Yeah.

  • Unkle Kracka

    @ QG&#@

    The labol that has kerri unnerwood on it an how bout that labol that has hanna montana an high skool musikol part 2. you jest pissed off that nobody is byin that niggra rap. the konsumors has wised up an figgored out that kuntry an holsums pop musik is the way to go you dumb niggra.

  • QG&#@

    Kanye West sold more than Kerri Underwood and High School musical you dumb cracker. Take your face outta of your sisters lap and go check billboard.

  • VB

    he saved def jam from bankruptcy.when lyor cohen left def jam ,he left def jam in shambles.in debt and with artists jumping ship.jay came in and had to rebuild it from the ground up.with no previous experience .and he made def jam the best performing label in music for three years in a row.it doesnt matter if rappers like ghostface and red man flopped cos they were never gonna sell any way and will never sell records again.now that he has left i wonder who they would blame.

    he put up with hate ,envy,disses and spitefull mcs when all he was doing was his job.i dont blame him for moving on.

    redman had better go platnum on his next project.

  • QG&#@

    Wyclef flopped. Guess thats Jiggas fault too.

  • http://site.gravatar.com/emails A True Gem

    ??? Is this even about Jay anymore?

  • song

    He is sooo cute. I am his big fan. It seems he is single now. I saw his profile on millionaire & celeb dating site WealthyRomance.com last week.

  • Unkle Kracka

    Of korse it niggras fawlt, how many korporate presidints of moltimillyon dollar ferms spind mor time rekordin rap cds that nobodee is byin insteda of runnin the kompiny an deelin with the bottum line. let this be a lessin to you yung niggras surv no massa but yor own ambishuns, in jigga niggra kase his ambishun wuz steel to be a damn rappa insted of a runnin the kompanee he wuz hierd to do.

  • OLA

    wut ppl dont understand is all the promotion from hov’s last 2 albums werent from def jam but were from sponsorhips from different companies. with hov gone, the rappers STILL wont get any promotion cuz LA Reid controls everything and is the ULTIMATE DECISION MAKER. he wants an R n B label, rihanna, neyo, and the dream are his sole priorities

  • Unkle Kracka

    That meens you asspierin rappas gotta go bak to basiks an start your own labol an werk out a distrabewshun deel with itoons or zoon or sumbody an kut out the middle man which is the stoodeeo, thats whut me an sum frinds are gonna do when we start our kkk rap groop kalled HANG EM HIGH, heh, heh Yall look out for our ferst seengol tytold WATCH EM DANGLE, heh, heh

  • god

    NOW GHOSTFACE,METHOD MAN AND LL WILL GO TRIPLE PLATINUM EACH!!(SARCASIM)

  • god

    @WELL WELL WELL

    GO TROLLING SOMEWHERE ELSE.28 YEAR OLDS MAKING 900 MILLION DOLLARS.WHAT ARE THERE NAMES?WHAT HEDGEFUNDS?DO YOU KNOW WHAT A HEDGEFUND IS?DID YOU MEAN 9 MILLION OR 90 THOUSAND?HOW MUCH DO YOU MAKE?I BET NOT MORE THAN 30,000 A YEAR.

  • Keepin’ It Real (D’Original)

    @supreme being,

    Thanks, I was thinking the same thing when “Well, Well, Well” was talking about Hedge Funds…

    I interviewed with one of the big Investment Banks a year and a half ago – they flew me to New York and everything… The numbers that they were talking about salary wise was nothing like slim was talking about…

  • Ty

    I think when you think of terms of somebody being president of a company their job is to get other people tp perform well. It is their job to generate capital for the company. Yes, I like Jay Z as an artis and you have to respect him as a business man. In addition, he was given the position to attract other artis in my opinion. One must understand that when you are the head of any company you are going to have employees that are unhappy. Its not hard to put yourself in that situation and say how many times were you upset with your boss for not given you more money, more leave, extra lunch time??? Its the same thing just on a bigger scale. Please understand that when you had Lyor and Lyles running the company they had 4 top selling acts (DMX, Ja Rule, Jay Z, and take your pick) other than that there were not that many people that were making money. Def Jam was sold several times because of financial trouble in which the same people they felt were great executives before LA Reid arrived.The artis I just mentioned were the reason for the success of Def Jam under Lyor command. Second, the music industry is not the same because the down loading of music. Third, rap music has always been a form of “YOUNG” people expression and that is why you have artis like Soldier Boy and others that are selling music because young people like them. People like LL, Meth, and many others had their run and did not do anything with it. In business you have to diversify to obtain wealth and that is why the smart people do other things. People will argue that Jay did not do this and that and I do not have a clue whether he did or didn’t but I will venture to say that people keep saying this LL shyt and would not go buy that man’s music with my money. Nobody want t listen to that anymore and I am sure LL’s young son do not listen to his music. Lastly, why is it everytime that a black person get a position of power he not allowed to make any mistakes??? If it was a white man its not a problem. Where are the artis that came before LA and Jay??? As far as a networth, its everything you own down to your watch and clothes that they calculate. Nobody sits around with 100 million cash unless you are selling that colombia bam bam!!! hahahahah

  • Keepin’ It Real (D’Original)

    Alright, alright… I misspoke on the $204 Million in the bank — Sorry, I made a mistake…

    I’m not Dehaven and Jigga don’t owe me a dime and so I don’t care how much money he has in the bank…

    My basic point is that he has A LOT of money in the bank… My bad…

  • Kigali

    @Mz. Mag,

    “OMG he was just hired for promotional purposes only…why do people seriously think this man was the “President” of Def Jam?”

    I thought the same thing too and there is nothing inherently wrong with that. I think we need to stop being so sentimental about these things. Its a business afterall and if Bill Cosby could bring a market with him they would hire him in any capacity.

  • KDog

    People swear Jay is a business man, don’t get me wrong he is a hustler but no business man…..He has all kinds of advisors and lawyers to tell him which business deals would be good to make or they hook him up with people. Jay can’t hold his own, this dude is like 38 and still trying to act like a teeny bopper. B is the same way she has people telling her what to do and wise business choices to make. These people are products, nothing more. Money is not everything, I know his pride and ego is hurting because he didn’t win this battle to him he may feel that he failed. He tries to act like he is God, Jahova and other religious references.

    If he does start his own label I think it will fail because he is only worried about himself and his daughter Beyonce.

  • Really

    Unkle Kracka

    Of korse it niggras fawlt, how many korporate presidints of moltimillyon dollar ferms spind mor time rekordin rap cds that nobodee is byin insteda of runnin the kompiny an deelin with the bottum line. let this be a lessin to you yung niggras surv no massa but yor own ambishuns, in jigga niggra kase his ambishun wuz steel to be a damn rappa insted of a runnin the kompanee he wuz hierd to do.

    —————————————————

    @ Uncle Kracka – what language are you typing in? Is this English? I swear that some people should not be left unattended in front of a computer.

  • Sammy J. Parker

    Of course he’s a figurehead…some executive came up with this idea…people aren’t buying records, dotcom culture is soaking up $$$…so make our product more desirable…make it bigger, better…the artist as the President of the company. It’s the ultimate marketing ploy…a good one…as he said, he IS a business, man. lol Trust me, no CEO is foolish enough to risk his livelihood by deferring to some pseudo-intellectual, uneducated rapper.

    No..Instead he (said CEO) knows the power of public opinion, the worth of pop culture (no matter how inflated)…

    But it’s not really a big deal, his leaving Def Jam, because the dude is likely to endorse (because what he’s doing, essentially, is endorsing these businesses) Sony next.

  • http://www.myspace.com/birdshu Bird

    Now that The Man has gotten what he wanted from Jay and Dame has hopefully mellowed and been tamed from his previously over-inflated ego and ghetto ways him and Jay can build something else that they can OWN themselves. I really don’t think Jay can do it by himself and certainly not with Beyonce. Ain’t nothing wrong with just being a working wifey.

  • flawda

    As usuall you dumb dumbs don’t look at stuff from the proper perspective. First of all the record business in in shambles, Def Jam has been the biggest selling urban label the last three years and have recieved the most grammy nods, not every artist is gonna be a hit. Why don’t you compare DEF JAM sales to ATLANTIC,WARNER BROS, COLUMBIA, INTERSCOPE (i know Def Jam is a part of Interscope) and see Jay was doing his job. Some of ya’ll just hate seeing people win because your lives are on stuck, Jay did his thing and i would’nt be surprised in Lyor Cohen at Warner does’nt snatch him up or Rick Rubin over at Columbia.

  • Unkle Kracka

    @ reely

    Its the oridgenol englesh that wuz kreadid by the fonedik rednek, korse you bein a niggra woodint no this cuz you aint part of the teem. Im on the teem cuz i herd the kall.

  • Unkle Kracka

    @ noobien gal

    you dont selabrate krismas. Its that sorta hethenry thats gonna leed you to hell. you betta git your sole rite noobien gal befor jugemint day. Not selabratin krismas is sayin you dont beleeve in jeezus. Gawd dont like hethen savages.

  • anonymous

    @ uncle kracka

    christmas is a pagan holiday created by the satanic cult known as christianity. december 25 is not jesus’ birthday. nowhere in the bible does it say that it is. so the only heathen savages (that’s how it’s spelled!) are the ones that are celebrating xmas.

  • anonymous

    i think you need to go back to school, for obvious reasons.

  • Unkle Kracka

    @ anonomos

    Heh, heh you jest pissd off cuz vanella ice said niggra rap is dead an solja boy gonna breeng it bak, which thros your theery that solja boy aint a reel rappa, heh, heh

  • Dolla Bill

    Merry Xmas suckas….LOL

  • QG&#@

    anonymous:

    You need professional help. Seriously. You must be going for the hater of the year award. Please name a president of a label who is doing a good job by your standards.

  • Afrochic

    Barry Weiss over at Jive is having a great year. Justin Timberlake, TPain (ringtone money kaching), Chris Brown,Ciara,Avril Lavigne. Not every label is losing money.

    Some labels invest a little bit and make a lot out of it and they supoort ALL their artists not just the ones in a sensationalized love triangle with their egomaniac boss. (Ahem Rihanna)

  • Tonya

    dayg715: what are you talking about? He signed Rihanna and Ne-Yo during his tenure there, and contributed two hits of his own. You need to do some research before typing reckless.

  • BEAST

    @…QG&#@, THE ONE PRESIDENT THAT IS DOING ONE HELL OF A JOB LIKE HIM OR NOT IS JIMMY IOVINE AT INTERSCOPE… BUT OTHER THAN THAT YOUR RIGHT NUMBERS ARE DOWN IN ALLLL MUSIC… KANYE WEST AND 50 CENT BASICALLY SAVE MUSIC THIS YEAR ALONG WITH JAY WITH KINGDOME COME AND AMERICAN GANGSTA… HELL EVEN KENNY CHESNEY NUMBERS WERE DOWN…

  • emmanuelle

    ANONYMOUS, Def jam has successful acts like Kanye,Rhianna, Fall out Boy, Jay-z himself, Mariah and Neyo. Record sales are down for every label. Beyonce is washed up but Giorgio Armani, Loreal, Amex and Samsung all pay her millions to advertise their goods? I guess you think janet is at the peak of her career

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  • QG&#@

    who’s selling records at interscope? They just laid off the whole Geffen staff because of poor record sales. Who told u that Jimmy Iovine is doing a good job from…Go ask 50 and Eminem if they think he’s doing a good job. They’ve been complaining about him for over a year.

  • Black In Theory

    Thats why the emphasis was on R&B with Jay-z. He didnt want the real lyricists to move in on his supposed top 5 spot. I cannot wait to see the promotion for Ghost and Meth, Redman and even The Roots…Legends in the game who were neglected like a red headed step child by a meglomaniac.

  • aqueenwaits

    J-Z like every other black entertainer, mogul, or artist is just doing his/her thing. So let him and or them do it. I’m just glad to see that blacks are on top of the music game and will be even happier once they are truly running things instead of the “others” having the real control. So don’t HATE —- CELEBRATE!!!!! It’s going to be a New Year people. Let’s lift up the ones who are doing something creative in their lives and in the lives of others. Grant it, we all have bad days which can sometimes turn into weeks and months and years…….. But instead of spreading more doom and negativity, let US as viewers/readers be more creative and show support to these folks. And yes, even when they fall short and are in compromising situations. Grant it, we may have handled things differently or we may not have. And sure, stupid is stupid but let’s try to do better for 2008. Peace out!

  • Bahama Mama

    LMAO some of u posters are str8 foolish…but anyway Hova is still that dude!!!

    “I’m not a businessman, I’m a business MAN!!!!!”

  • BEAST

    @…QG&#@, No what I am saying that interscope as a whole not just hip-hop sold well as a group. Interscope also is responsible for 70 percent of urban music sales… you can check it out for yourself, but you are right alot of people there arent happy with Jimmy, I think next year will be alot different…

    @BIG B, YOU SHOULDN’T POST STUFF THAT PEOPLE CAN LOOK UP…. YOUR WRONG, SEAN JOHN..G- UNIT.. PHAT FARM ALL POSTED HIGH QUARTERLY SALES THIS YEAR 07- 08… THE SALES FOR ALL OF THEM RANGE FROM 45 TO 110+ THIS YEAR… JAY-Z SOLD ROCA WEAR, THOUGH HE STILL ON THE CREATIVE BOARD, JAY-Z AND 50 ARE TWO BUSINESS MEN THAT ARE LOOKING BEYOND HIP-HOP AS THEY SHOULD. I THINK ALOT OF PEOPLE WANT JAY JUST TO BE A RAPPER AND THATS IT, (I’M NOT SAYING YOU, BUT ALOT OF THE POSTERS SEEM TO BE HATING ON HIM). JAY-Z HAS TENS OF HUNDREDS OF MILLION DOLLAR DEALS IN DIFFERENT AREAS, 50 WITH THE 400 MILLION DOLLAR WATER DEAL( HAD TO DOUBLE CHECK THIS ONE, HE CASHED OUT 100 MILLION AND LEFT 300MILLION IN THE COMPANY HE STILL OWNS HIS STOCK IN THE COMPANY, ALONG WITH THE MUTLI-MILLION DOLLAR DEAL WITH PONTIAC G6 CARS ETC… AND EVEN SORRY AS PUFF SCORE A (I BELIEVE A VODKA DEAL WORTH 100MIL) RUSSELL STILL DOING EXTREMELY WELL WITH PHAT FARM… LUDACRIS, T.I, YOUNG JOC, JEEZY ALL MAKING MILLIONS WITH REAL ESTATE AND OTHER BUSINESS OPORTUNITIES… I HAVE TO ADMIT ALL THIS I GETTING FROM BLACK ENTERPRISE MAGAZINE, HAS I’M TYPING…

  • cns

    Minus all the the money that was made, the question is, Did he do the job he was hired to do?

  • iforgotmyname

    but, but, but…Who will LL blame when his next album flops?

  • Oh F@ck That!!!

    There is a BIG DIFFERENCE from “stepping down” to NOT GETTING YOUR CONTRACT RENEWED BECAUSE YOU ARE A MUUUUCH BETTER ARTIST THAN A BOSS

    And even as an artist, 600,000 less people have bought his alum since that last Kingdom Come flopp so serves his Camel ass well.

    I miss the old Jay-Z. Before the hyped up relationship and before he believed the hype.

  • Oh F@ck That!!!

    He and beyonce have 1 HELL OF A Spindoctor/PR team……step down my ass. The rumor that his contract will not be renewed has been out there for a YEAR already and the proof is in the pudding. The only one that is successful under his command is HIM!!! Always has been, always will be. It was the same at Rocafella. He won’t even sign someone that he believes has more potential than him. That’s why he didn’t sign Kanye, Dame diddy did.

  • Sugarsweet

    Hopefully now some of the other artist can get some shine.. I feel Hova was more interested in the shine then making his artist shine so maybe this is for the best. Only time will tell.

  • voodoodou

    so if he was the problem, LL should have the #1 album of ’08, right?? Nice run Jigga, take all of your platinum selling artists with you and let’s see what happens to the outdated crybabies!!!

  • TT

    Lilly Allen, What do you mean its about time for some real artist to shine. Hov is a legend. Jay-Z is the man. He doesn’t need Def Jam, he’ll never run out of money. LL is’nt gonna do anything.

  • jazzyphile

    It doesn’t matter how much Jaz-Z is worth, his job of CEO of Def Jam was to sign, promote and sell the labels artists–not promote himself.

    If Jay was the CEO of Xerox and sales went down, yet his stock options increased–something is wrong!

  • CHOC

    Stop Hatin people when your on top people want to see you fall, hatin is a poison. He is about to make another business move “stop throwing rocks at the throne”

  • Don’t think so

    ^^^^^man, please!

  • Jodi Buck

    svuu2v0lksi9j4xs

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