Eric Cantor

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.

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You needn't have worried about Eric Cantor, folks. He's landed on his feet:

How much are YOU getting paid, Brat? Who's the winner NOW?
DORMA

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.