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RUMOR! Island Def Jam CEO L.A Reid On The Verge Of Being Fired

Bossip.com reports Chairman and CEO of Island Def Jam Music Group LA Reid is about get fired, according to a close source.

Apparently the lackluster sales of Rihanna’s Rated R album and the deal that he made to sign rapper Shyne which was close to 7 milli has caused people to second guess his judgment as a CEO and businessman.

Damn, looks like LA ain’t bringing in half of what he’s putting out and Island Def Jam is fed up.

Developing…

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Comment by Uriah Blaak on March 1, 2010 at 1:29am
He will gain it back. Alot of people were waiting for Shyne's return.
Comment by john smith on February 27, 2010 at 10:40pm
come on just because he signed shyne LA REID is one of the best in the business

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