Jay Z steps down from President of Def Jam

[The Big PINK One♥]

I heard about this a few days ago, but never did any extensive research... I was busy!

{Source}

Anyway, the new year is also bringing changes for Jay-Z, who might have a lot more quality time to spend with his lady love, Beyonce, in 2008--because he's stepping down as president of Def Jam effective January 1. "Now it's time for me to take on new challenges," the on/off music-biz retiree said in a somewhat vague statement. "I am pleased to have had the opportunity to build upon the Def Jam legacy." So now Jay-Z (the year's top "Hip-Hop Cash King," according to Forbes magazine) is free to concentrate not only on his budding Beyonce romance but on his chain of 40/40 Club sports bars, his film production company, his own Roc-A-Fella imprint record label, and of course his rap career. Actually, it sounds like 2008 is still going to one busy year for Jigga.