L.A. Reid Explains Why He Hasn't Bailed Bobby Shmurda Out

Earlier this month, Bobby Shmurda's fourth request to be released pending his trial on drugs and guns charges was denied by a judge. The 21-year old's bail remains at $2 million. Since he was first locked up almost a year ago, there has been talk that his label, Epic, should post bail for him

In an interview with Rap Radar, Epic Records CEO L.A. Reid explained why they've let their artist rot in prison.

"People don't know anything about my business, right? It's really not their business, Reid said. That's the truth about it, right? We're not elected officials here. And we're not at liberty to disclose how we do business. It's fair practice, I can tell you that. But, it's not the industry that it once was. We seriously don't make the money we used to make. That's a fact of life, right?"

"Bobby Shmurda is not the same as Snoop Dogg and Murder Was The Case, who's coming off The Chronic and his first album. It's a different era, ya know? And, we're a publicly held corporation. We just aren't in the same position we were in back in those days. So, it's a different day."

"I'm crazy about that kid and I think about him often," he says. "And I feel like, ya know, his better days are ahead of him. I do believe that. And I think it's unfortunate what has taken place."