Jay-Z Facing Def Jam Axe?
Posted by Melanie McKane at 3:43 PM | Permalink | Comments ( 0 )
Shawn 'Jay-Z' Carter could be fired from his role as CEO of Def Jam Records after demanding a huge salary.
The rapper’s contract is up for renewal this year but label bosses, like Island/Def Jam chairman L.A. Reid, aren’t happy with his massive cash demands.
"Jay is asking for several million as a base salary plus big bonus 'bumps' on records that do well. Reid isn't going for it. They're miles apart," a source told the 'New York Daily News'.
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