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Written by Jamila Hayman and Curt Hayman
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Thursday, 11 March 2010 15:13 |
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Def Jam CEO L.A. Reid has been criticized by the media for his recent signing of Belize-bound rapper Shyne, and now his job is said to be on the line. The rumor is supported by his failure to appear at a speaking engagement where he was likely to face questions regarding the safety of his position.
The Def Jam exec was scheduled to speak at Billboard Magazine's 2010 Music & Money Symposium at the St. Regis Hotel in New York City on March 4, an event which people paid up to $1,000 to attend, hoping to hear Reid discuss the future of his label. Mere hours before his engagement, however, Reid pulled out, claiming he had a sick child to take care of. Rumors immediately spread that Reid ducked out of his speaking appearance in order to avoid tough questions regarding his future at Def Jam, under scrutiny for having recorded underwhelming sales and made several questionable deals.
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