L.A. Reid OFFICIALLY Steps Down As President Of Def Jam

L.A. Reid has officially stepped down from his post as President of Def Jam.  In a letter to his staff sent out today, he boasted how proud he is of his roster of talent, and says he has decided to leave his position.

TheYBF.com was the first to break the story yesterday--clearly more than 4 hours before a certain mainstream site blatantly stole our exclusive virtually word-for-word and posted it as their exclusive with no credit--that Mr. Reid has been tapped to judge Simon Cowell's new U.S. "X-Factor" show.  And he would have to step down from his position at the conflicting label.  Read on for deets...
An era is ending over at Def Jam as head honcho L.A. Reid is stepping down.  We broke the story months ago, in addition to yesterday, that L.A. would be leaving his post.  And now, he has made it official via a memo to his staff today:

“Great leaders are almost always great simplifiers, who can cut through
argument, debate and doubt, to offer a solution everybody can understand.”
“To my Island Def Jam family: After much consideration, I have decided to leave my position as Chairman of the Island Def Jam Music Group.
“I have always thrived on growth and the next great challenge, and I look forward with much enthusiasm to what the future holds.
“I am extremely proud of our beautiful roster and all we have accomplished in my seven years with IDJ. We continue to have incredible success together with today’s most phenomenal superstars - Rihanna, Justin Bieber, Mariah Carey (she reportedly will follow L.A.), Kanye West, Bon Jovi, Jennifer Lopez, Ne-Yo, Rick Ross, The Killers, The-Dream, Chrisette Michele, Jeezy and Ludacris to name a few.
“I want to thank all of you for your amazing contributions.
“With Warm Regards -
LA”

An announcement about L.A.'s new judging duties with the Sony affiliated show "X-Factor" should come very soon in the coming weeks.  Congrats and good luck to Mr. Reid.  Deuces.