Jay-Z Too Big Pimpin' for L.A. Reid?
Trouble in the Def Jam executive suite?
Rush & Molloy report today that the relationship between the rapper-mogul and Island/Def Jam Chairman L.A. Reid is crumbling, and that Jay-Z won't re-up with the label as an exec unless he gets a hefty pay raise.
Sources tell R&M that the bad blood flows because Jay-Z isn't in the office enough, now that he's un-retired, and because he makes Reid feel like the second-in-command, even though Jay-Z is technically Reid's lieutenant. But Reid says it's just rumors: "He's so important to our company, there's not much we wouldn't do to keep him here, money being the least of them."
Source