Revolving Door Watch: Eric Cantor Takes Lucrative Post at Investment Bank
Guess he won't be reduced to playing old hits at state fairs just yet.
You needn't have worried about Eric Cantor, folks. He's landed on his feet:
Late Monday night it was reported that former House Majority Leader Eric Cantor would take a job at investment bank Moelis….[H]e'll have a base salary of $400,000 for this year and next. Add in $1.4 million in signing bonuses this year, and $1.6 million in incentive compensation next year, and Cantor is looking at a cool $3.4 million.
Reuters reports that Cantor will "provide strategic counsel to the company's corporate and institutional clients on key issues." I invite Reason readers to offer their own translations of that job description in the comments, the blunter the better.