LA Reid still as a job with Island Def Jam, contrary to recent reports.
The rumor mill has been ablaze all day with rumors that the mogul was terminated from his post, but that is untrue,
[The rumors] are completely untrue and without merit, the spokesman told XXLMag.com.
Reid has held the prestigious post since February of 2004 and signed acts like Young Jeezy, Rick Ross and Shyne. He took over Lyor Cohens post after he departed for Warner Music.