You know how these industry rumors go: AllHipHop.com has learned exclusively that Atlanta-based producer Jermaine Dupri’s tenure as President of Island Records Urban Music has come to an end.

Is this really news? What exactly did JD do as president of Def Jam? Why do major labels insist upon giving top tier positions to unqualified people who don’t even hold a high school diploma much less a business degree? I’m not saying JD personally because he has more than proven his ability to run a record company.

But the industry is being run into the ground by unqualified people who haven’t a clue what they are doing.

It seems Def Jam has a history of creating fictional jobs and parceling them out to their homies. Similar to what Barack Obama is doing with those cabinet positions in the White House. Anyway, a formal announcement is expected soon although I could have sworn JD was terminated from this very same job a few months back.