President Carter is No More

Jay-Z, otherwise known as Shawn Carter, stepped down from his position as the president of Def Jam records. Jay-Z had this to say:

“Now it’s time for me to take on new challenges. I am pleased to have had the opportunity to build upon the Def Jam legacy.”

You may be asking yourself, "What will Jay-Z do with all his free time now?" Well, he is a part owner of the New Jersey Nets, and his girlfriend is Beyonce. That should keep him busy.
Variety wraps it up here.