Shawn Carter “Jay-Z”
No. 9 Shawn Carter “Jay-Z” (President): Def Jam Recordings
Shawn Carter, the dapper rapper better known as Jay-Z and one of the most influential hip hop figures today, announced his departure as President and Chief Executive Officer from Def Jam Recording on December 24, 2007. He exited abruptly after the parent company. Universal Music Group declined to accept his new contract terms. During his three-year tenure, he launched major recording artists including Rihanna, Ne-Yo, and Kanye West. Jay-Z’s role was never fully blessed due to what some called a conflict of interest created by his position as both an artist, and an executive at the same company but in terms of influence, in 2007 alone; Def Jam received 26 Grammy nominations. As for future plans Jay-Z, who remains an artist under Def Jam, looks forward to new challenges such as the expanding his 40/40 Nightclub franchise, new business ventures and reminding himself that he is dating Beyoncé.