Don’t hold your breath waiting for Def Jam’s chief LA Reid to announce a successor to ousted president Jay Z at Def Jam hints a source. According to an inside source, execs at Island Records plan to wait a “couple of months” before announcing Damon Dash as the new president. Or they may not replace Jay Z at all.
The exact quote from my source was, “I think they’re going to let the dust settle for a couple of months now that Jay is gone.”
Insiders believe Reid made the decision to hold off on making an announcement out of sympathy for Jay Z, who would crash and burn if his arch enemy Dash was selected so soon after he left. “His ego couldn’t take it,” said my source.