(9/23/2010) Music executive LA Reid hasn’t lost his job. On Tuesday, rumors began spreading around the Internet that Reid had been let go from his position as Chairman and CEO of Island Def Jam. A spokesman for Def Jam has since denied the speculation telling, quote, “[The rumors] are completely untrue and without merit.” LA Reid has held his position at Def Jam since February 2004. During his time with the label he has signed acts like Rick Ross, Young Jeezy, and Shyne.

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