Jay-Z recently spoke to Entertainment Weekly about his future as Def Jam President. Jay-Z denied rumors that he was demanding a king’s ransom and said that it wasn’t about the money at all. Read what Jay-Z said below when asked if he would be back next year as Def Jam’s President:
“Yeah, I think — I don't know. Let me not even say that. I don't know. We'll see how it goes. But seriously, it's not about money. That's really the last thing. Of course, as a person that does these type of things and puts his heart and soul into it — and it's effective, as the Grammys would indicate — you want to be compensated for what you do. But it's really not about money. It's really about the future of the music business, and not wasting anyone's time. I don't ever want to sit in a seat just to sit in a seat. I could be off doing something else that's beneficial to the future of the music business as well as myself. So it's not about money! I mean, you couldn't pay me enough. And I don't mean that in a cocky way.”
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