When they gave Jay a desk and suit
They finally gave a rapper a chance to come execute

from Joe Budden – Who killed Hip Hop Lyrics on Rap Genius

Meaning

In 2004 Jay-Z became President of Universal Music Group’s Island Def Jam label. There is a double meaning to execute. He became President and got a chance to execute as an executive. Also I believe Joe is throwing a jab at Jay-Z saying he came in and executed Damn Dash and eventually pretty much killed Roc-A-Fella.

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