The Times is reporting that rapper Jay-Z will likely head Vivendi Universal's Def-Jam records division.

We're happy that Hova's finally living up to his potential. He was such an underachiever as a bazillion-selling rap artist and clothing magnate.

Now, if another label would just hire Nas as president we'd be in for some real fun.
Jay-Z to Head Def Jam Recordings Label, Executives Say [NYT]