Is Jay-Z going to be released as President from Def Jam? The NY Daily News is saying Jay-Z might be out of a job when he gets back from stuntin in Paris for his birthday. Universal says he’s getting a wee bit ridiculous with his expectations monetarily:
“He wanted big, big money that was way out of sync with the realities of today’s record business.”
Island/Def Jam CEO L.A. Reid and his boss, Doug Morris, are said to
have found Jay’s demands “excessive” in light of the time he’s been
spending on tour.
“People have lost count of how many times he’s come out of retirement.
Everybody knows he’s not around the office much. Everybody at Universal
loves him, but they can’t justify paying him the money he wants when so
many people have been laid off.”
His contract is said to expire at the end of this month.
