Eric Cantor Joins Wall Street Bank
Eric Cantor may have lost his job as House Majority Leader but he’s gained employment with the Wall Street firm Moelis & Co., the firm announced on Tuesday. The firm will be based in the New York office of the global company and will soon open an office in Washington.
Politico reports:
“Eric has proven himself to be a pro-business advocate and one who will enhance our boardroom discussions with CEOs and senior management as we help them navigate their most important strategic decisions,” the firm’s founder, Ken Moelis said in a statement.
Cantor is signing on with the boutique investment bank as a vice chairman and managing director, the company said. He will also be elected to its board of directors.
Cantor is expected to receive a pay package of $3.4 million in his new role, Business Insider reported, citing a Securities and Exchange Commission filing.
The firm said Cantor will “provide strategic counsel to the firm’s corporate and institutional clients on key issues. He will play a leading role in client development and advise clients on strategic matters.”
“When I considered options for the next chapter of my career, I knew I wanted to join a firm with a great entrepreneurial spirit that focused on its clients,” Cantor said.
Image: The Atlantic
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By: Cheston Catalano
Cheston Catalano is a Kentucky-based journalist whose work has been featured in the Chattanooga Times Free Press and the Clarksville Leaf Chronicle. He is a long-time contributor to Liberaland.
38 responses to Eric Cantor Joins Wall Street Bank
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NW10 September 2nd, 2014 at 12:15
http://www.gannett-cdn.com/-mm-/7c3fde8f50b119e84fbc289a58d0da9e4e8249d9/c=10-0-629-464&r=x404&c=534×401/local/-/media/Indianapolis/2014/06/11/061214.jpg
tiredoftea September 2nd, 2014 at 13:11
Except that he landed on a luxury cruise ship!
(((NW10,PATRIOT! ✓ᵛᵉʳᶦᶠᶦᵉᵈ))) September 2nd, 2014 at 12:15
http://www.gannett-cdn.com/-mm-/7c3fde8f50b119e84fbc289a58d0da9e4e8249d9/c=10-0-629-464&r=x404&c=534×401/local/-/media/Indianapolis/2014/06/11/061214.jpg
tiredoftea September 2nd, 2014 at 13:11
Except that he landed on a luxury cruise ship!
crc3 September 2nd, 2014 at 12:19
Cantor is right at home making all of that money and hanging out with all of those capitalist groupies…
crc3 September 2nd, 2014 at 12:19
Cantor is right at home making all of that money and hanging out with all of those capitalist groupies…
Maxx44 September 2nd, 2014 at 12:20
The 1% rules!!
Maxx44 September 2nd, 2014 at 12:20
The 1% rules!!
Carla Akins September 2nd, 2014 at 12:21
douchebag
Carla Akins September 2nd, 2014 at 12:21
douchebag
R.J. Carter September 2nd, 2014 at 12:36
Isn’t that where all politicians go to retire?
Anomaly 100 September 2nd, 2014 at 13:06
To banksta heaven!
William September 2nd, 2014 at 13:47
Or lobbyists.
R.J. Carter September 2nd, 2014 at 12:36
Isn’t that where all politicians go to retire?
Anomaly 100 September 2nd, 2014 at 13:06
To banksta heaven!
William September 2nd, 2014 at 13:47
Or lobbyists.
mea_mark September 2nd, 2014 at 12:47
I didn’t think Eric Cantor’s name was worth 3.4 Million dollars, his skills certainly aren’t. Somebody is getting duped, big time.
tiredoftea September 2nd, 2014 at 13:10
No, his yet to be hired buddies will take his calls and let him know how they will write laws to benefit his clients. He’s cheap, by any standard of measurement.
mea_mark September 2nd, 2014 at 12:47
I didn’t think Eric Cantor’s name was worth 3.4 Million dollars, his skills certainly aren’t. Somebody is getting duped, big time.
tiredoftea September 2nd, 2014 at 13:10
No, his yet to be hired buddies will take his calls and let him know how they will write laws to benefit his clients. He’s cheap, by any standard of measurement.
tiredoftea September 2nd, 2014 at 13:11
This explains why he left early.
Bunya September 2nd, 2014 at 13:19
…and he didn’t look too hurt when he was voted out of office. Maybe serving a stint in politics is a prerequisite for these lobbying jobs.
tiredoftea September 2nd, 2014 at 13:47
No maybe’s about it, being a Congressman is a perquisite!
tiredoftea September 2nd, 2014 at 13:11
This explains why he left early.
Bunya September 2nd, 2014 at 13:19
…and he didn’t look too hurt when he was voted out of office. Maybe serving a stint in politics is a prerequisite for these lobbying jobs.
tiredoftea September 2nd, 2014 at 13:47
No maybe’s about it, being a Congressman is a perquisite!
Pistol-Packing September 2nd, 2014 at 13:36
so, base salary of 3.4 million per year, breaks down to $65,385 per week. So in other words, poor eric will have to work an entire month, to make what Hillary makes for one speaking engagement.
tiredoftea September 2nd, 2014 at 13:48
Besides the fact that she has things to say worth hearing and Cantor doesn’t, suddenly the free market is not your friend?
Pistol-Packing September 2nd, 2014 at 16:01
HAHAHA, it all depends on who you are on whether or not she has thing worthy of saying… That being said, I am just laughing how all the posts here criticize Cantor for taking part in the “Free Market”, but others get a pass.
tiredoftea September 2nd, 2014 at 17:34
Oh, I see. Your actual point was that Hillary is much better that poor Eric at earning income in a “free market”. Again, Dems are better at economics then Repubs and here’s another proof point.
Pistol-Packing September 2nd, 2014 at 19:52
HAHAHAHA, Nice try… Or should I say Close but no Cigar… But i know that you are much smarter then that, and dont need it spelled out. But you make my point for me just fine, about how one gets a pass, and the other does not… Thank you
tiredoftea September 2nd, 2014 at 20:33
Since you don’t have a point, I doubt it.
Pistol-Packing AKA "Susie" September 2nd, 2014 at 13:36
so, base salary of 3.4 million per year, breaks down to $65,385 per week. So in other words, poor eric will have to work an entire month, to make what Hillary makes for one speaking engagement.
tiredoftea September 2nd, 2014 at 13:48
Besides the fact that she has things to say worth hearing and Cantor doesn’t, suddenly the free market is not your friend?
Pistol-Packing AKA "Susie" September 2nd, 2014 at 16:01
HAHAHA, it all depends on who you are on whether or not she has thing worthy of saying… That being said, I am just laughing how all the posts here criticize Cantor for taking part in the “Free Market”, but others get a pass.
tiredoftea September 2nd, 2014 at 17:34
Oh, I see. Your actual point was that Hillary is much better that poor Eric at earning income in a “free market”. Again, Dems are better at economics then Repubs and here’s another proof point.
Pistol-Packing AKA "Susie" September 2nd, 2014 at 19:52
HAHAHAHA, Nice try… Or should I say Close but no Cigar… But i know that you are much smarter then that, and dont need it spelled out. But you make my point for me just fine, about how one gets a pass, and the other does not… Thank you
tiredoftea September 2nd, 2014 at 20:33
Since you don’t have a point, I doubt it.