Word got around that Reid was going to be chopped after the death of veteran Def Jam executive Shakir Stewart, who took his own life in 2008 after Reid sent him home to Atlanta with orders not to return.
Def Jam CEO Antonio "L.A." Reid canceled a key speech at a top music event with his staff claiming his son was seriously ill -- but he really panicked over facing questions about his future with the label, sources tell Page Six.
Hundreds of top music industry suits paid up to $1,000 each to hear Reid speak at the Billboard 2010 Music & Money Symposium at the St. Regis last week.
But hours before the talk, delegates were told that his son was in the hospital with a head injury and needed surgery. Reid has four sons, from 6 to 29 years old, as well as a daughter, 8.
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what goes around come around...
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