Jay Z is very comfortable as president of Def Jam, and he doesn’t plan to give that up just yet. His three year contract will be up soon, but he says he intends to renew it. Unless that is, Columbia has an even more comfortable chair for him, near his buddy Rick Rubin. Jay-Z told the NYC radio station Hot 97 that he called to congratulate Rubin on his new job at Columbia, but that the two of them haven’t spoken about it yet. The executive rapper also chatted on the air about the upcoming head-to-head showdown between Def Jam’s Kanye West and Interscope’s 50 Cent when both release a highly-anticipated album on the same day - 9/11. ([More →])