Keith Watson exposes Dame Dash - Reveals the REAL reason why Jay was made president of Def Jam *WOW*

NV-ME

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I don't think this means Dame is a bad business man...I think he just became competitive in business with a person he should have been an ally with in business...trust, between J's ego and Dames' ego the Roc was doomed, Nas cracked the flood gate, after that everyone became concerned bout their own ego....basically NEVER BROTHERS TO BEGIN WITH...which is why M.O.P never signed:mjcry:
:ahh: made the dynasty die nasty:huhldup:
 

Jayou Ayen

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I wish Harlem's Own was still here, he was the only one on this board qualified to judge Dame.
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Suicide King

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Nah, I got all that. My thing is, Def Jam owned 50% of Roc-a-fella is I remember right. So Jay, Dame and Biggs only owned 1/3 of 50% individually. So how in the world would Dame owe that 68 million by himself? I believe that is what he was getting at when he said Def Jam made Jay president because they were not about to come out of the pocket for it. So that would mean Def Jam owned Jay 34 million approximately and Dame, Biggs and Jay each would owe Jay a little over 11 million with Jay's part obviously being irrelevant. You mean to tell me Dame and Biggs could not come up with a plan to pay a little over 22 million over the next several years? What kind of piss poor money management were they doing? I mean just in 2002, Def Jam paid each of them 22 million to extend the Rocafella partnership to 2005.

So I get Def Jam making Jay Z the President and how he got all his masters as a compensation package, but Dame should not have been that much in the hole. By late 2006 Jay Z was worth over 300 million and the dude who was his partner in everything owed 40 million taxes? Men should not owe that much money to other men. :damedash:

Cool story, bro.

Def Jam offered Jay-Z Roc-a-Fella for free, he decided to start Roc Nation instead. Dame & Biggs did not have to come up with $44 million, all they had to do is give Jay the masters to Reasonable Doubt.

Its crazy how people forget what happened around the break up. But I guess the fans are to young to know any hip-hop history before Young Thug & Rich Homie Quan.

“At a certain point, I got ready to depend on my other artists,” Dash recalls. “I started putting together an army—Kanye, Cam’ron, Beanie, the Diplomats. I figured Jay gave me time to prepare.” But in December 2004, Jay-Z invited Dash to dinner to discuss the offer from Def Jam. They met at Da Silvano. “I said, ‘Go ahead and take the money and the job, but don’t take the name—don’t take Roc-A-Fella with you,’ ” Dash recalls. “I didn’t say please, but I might as well have.”

Jay-Z offered that Dash could keep the Roc-A-Fella name if in return he relinquished possession of the master recordings for Reasonable Doubt. Dash wouldn’t agree to it.

“He said, ‘It’s business,’ ” Dash says. “But we were always supposed to be about more than business, Jay especially.” Dash saw his own role as the executive’s so that Jay-Z could remain an artist at all times. “I did everything I possibly could so that he didn’t have to raise his voice. He just had to whisper something in my ear and I’d take care of it. The people I fought with to make money for him, Lyor Cohen and Kevin Liles”—executives at Def Jam—“he’s made friends with. He hangs out with Puff now. It’s like if your brother leaves you.”

Many of the most successful artists in Roc-A-Fella’s stable (Kanye West, Memphis Bleek, Peedi Crakk) remained with Jay-Z rather than sign with Dash.

http://nymag.com/news/profiles/17268/index4.html
 

Mike Otherz

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Nah, I got all that. My thing is, Def Jam owned 50% of Roc-a-fella is I remember right. So Jay, Dame and Biggs only owned 1/3 of 50% individually. So how in the world would Dame owe that 68 million by himself? I believe that is what he was getting at when he said Def Jam made Jay president because they were not about to come out of the pocket for it. So that would mean Def Jam owned Jay 34 million approximately and Dame, Biggs and Jay each would owe Jay a little over 11 million with Jay's part obviously being irrelevant. You mean to tell me Dame and Biggs could not come up with a plan to pay a little over 22 million over the next several years? What kind of piss poor money management were they doing? I mean just in 2002, Def Jam paid each of them 22 million to extend the Rocafella partnership to 2005 (could be individually actually, I forget).

So I get Def Jam making Jay Z the President and how he got all his masters as a compensation package, but Dame should not have been that much in the hole. By late 2006 Jay Z was worth over 300 million and the dude who was his partner in everything owed 40 million taxes? Men should not owe that much money to other men. :damedash:


i remember that deal i dont think it was individually.

i still dont understand the def jam presidency connection. how did that compensate for the money owed? i mean, how much is def jam presidency worth a year? that would be separate from the $34 mill they owed right?
 

Suicide King

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i remember that deal i dont think it was individually.

i still dont understand the def jam presidency connection. how did that compensate for the money owed? i mean, how much is def jam presidency worth a year? that would be separate from the $34 mill they owed right?

It all sounds shaky.

Especially when all Dame & Biggs had to do was give Jay-Z the masters to Reasonable Doubt to get Roc-a-Fella Records.

Keith Watson sounds like an idiot, but a lot of people will eat it up.

http://nymag.com/news/profiles/17268/index4.html
 

J-Fire

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Jay-Z admitted that Dame ran Roc-a-Wear clothing as well.

Dame ran the day-to-day, even Just Blaze who said he wants to knock out Dame still give him props.

Dame will probably never put together another run, and he might never recapture that magic because the music industry is not thriving like it once did before. But are you really saying he deserves no credit? All the credit goes to Jay-Z?


that's called being the COO plus he didn't have a controlling stake in roc-a-wear. he was an employee because he didn't legally have final say in decisions....he was allowed to make decisions. 20% is much different than 50-50 with jay.

like dame said....dude that put up the most money, it belongs to him. dame had the range jay allowed for decision making.
 

NV-ME

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that's called being the COO plus he didn't have a controlling stake in roc-a-wear. he was an employee because he didn't legally have final say in decisions....he was allowed to make decisions. 20% is much different than 50-50 with jay.

like dame said....dude that put up the most money, it belongs to him. dame had the range jay allowed for decision making.

i will say, running the day to day is underrated in making an operation work. one thing you cant take away from dude was his pitbull persistence in keeping that roc-a-fella brand relevant and independent (seemingly) when def jam-lyor-lyles were tryna be extra buddy buddy. thats where his a$$hole-bad cop tactics benefited the company where as jay's too cool for school demeanor prolly wouldnt have had the same affect to propel them.
 

KravenMorehead™

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Good breakdown.

Somewhere along the line Dame fukked himself up because he should be in a much more comfortable state right now considering how much he had. I don't think he intentionally screwed Jay of money but Jay always had leverage because he was the product! It's easy for Jay to surround himself with other business dudes and continue to make hits..
.for Dame he had to try and find another Jay which isnt easy.

Dame's money management back when Roc was hot must have been awful, he was probably living off the 'Well Jay releases a number 1 album yearly, I got money coming in from that' but when Jay left he was fukked and the income slowed up but his expenditure was probably still through the roof, he seems to proud to ask for help.
to be real I think it's not about it being difficult so much as him having the personality that repels other Jay's from wanting to work with him.
 
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