Following his exit from the House, Eric Cantor has a job on Wall Street. He'll be the vice chairman and managing director of investment bank Moelis & Co, NPR reports, and he'll also serve on its board. "When I considered options for the next chapter of my career, I knew...
by Dish Staff He’s got a plum job at Moelis, an investment bank: Since he was elected Majority Leader in 2011, Cantor earned $193,400 a year, around $20,000 more annually than a rank-and-file member. But as Vice Chairman and Managing Director at Moelis, he will receive a $1.4 million signing bonus, $1.6 million in incentive […]
Recently defeated House Majority Leader Eric Cantor is joining an investment bank, where he will get rich advising corporate clients on deals. Meanwhile, enrollment in the food stamp program, for which Cantor voted to cut funding, is down. So everyone is doing well. Read more...
The former House Majority Leader will get $3.4 million in his first 16 months at new employer Moelis
Not impressed with Eric Cantor’s new investment banking gig at Moelis & Co.: The people who took credit for his political retirement.
Former GOP House Majority Leader Eric Cantor, who suffered a stunning primary defeat this summer at the hands of an unknown Tea Party candidate, has joined Wall Street. And the teabaggers are screaming, "Told you so." Kevin Broughton,...Show More Summary
To no one's real surprise, former House Majority Leader Eric Cantor announced today that because his years representing Virginia's 7th district in Congress had so infused him with the desire to serve others, he'll be spending his post-congressional...Show More Summary
The perfectly legal way to influence policy makers is to simply let it be known that if they hold favorable voting positions, they will very likely be rewarded with lucrative jobs. There is no need for a quid pro quo or even explicit promise as long as a clear and consistent norm is established. This is what happened to Rep. Eric Cantor (R-VA).
After Rep. Eric Cantor lost his primary to a tea party challenger in June, he could have stayed on as a lame duck, collecting his salary and voting as a full member of Congress through January 2015. Instead, Cantor decided to step down from his job as the GOP's majority leader and resign his seat early. Show More Summary
One month ago, Eric Cantor was the highest ranking member of the House of Representatives. Now, Eric Cantor is one of those senior financial executives he railed against--while receiving millions of dollars in their lobbying money.
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 [...]
Cantor, who was surprisingly defeated in his primary earlier this year, will be a vice chairman and board member at Moelis
So it sounds like his life won't change much! Which is a big part of the problem in Washington, isn't it? Either way, people like Cantor are working for Wall Street: Former House Majority Leader Eric Cantor (R-VA), who resigned last month after losing renomination to an underfunded college professor, spent much of his 13-plus years in the U.S. Show More Summary
Eric Cantor waves bye-bye to Congress, hello to cash. Once Eric Cantor lost his primary, the question became not whether he would cash in, but when, how, and for how much. Now we have answers. The former House majority leader will become...Show More Summary
Eric Cantor's pay package totals $3.4 million for the remainder of this year through the end of calendar 2015.
Throughout his political career, former House Majority Leader Eric Cantor was closely tied to Wall Street bankers. Cantor helped the financial industry in Congress, and Wall Street executives returned the favor by flocking to his many fundraisers for Republican candidates. Show More Summary
In Congress, his voting record frequently mirrored Wall Street's interests. The post After 13 Years Of Fighting For Wall Street, Eric Cantor Will Make Millions At An Investment Bank appeared first on ThinkProgress.
The former House majority leader and longtime opponent of financial regulation is now an investment banker
Former House Majority Leader Eric Cantor is joining investment bank Moelis & Co. as vice chairman and managing director. Mr. Cantor, who had a surprising loss to David Brat in Virginia's June... To view the full story, click the title link.