GREED IS GOOD

Eric Cantor Gets New Job on Wall Street

Six-figure salary, apartment included.

Former House Majority Leader Eric Cantor is bouncing back from his Republican primary loss this year with a job on—you guessed it—Wall Street. Cantor announced Tuesday morning that he will be joining New York-based Moelis & Co., as vice president and managing director of the “boutique” investment firm. Cantor's base salary will be $400,000, with an "initial cash payment" of $400,000 and $1 million in stock. The company will also pay for him to live in a "reasonable" NYC apartment. (Williamsburg?) Cantor will help open a Washington, D.C. office and advise corporate clients on takeovers and other financial deals. Individuals and groups associated with securities and investments donated in total about $1.4 million to Cantor’s 2013 and 2014 election cycles. Moelis has facilitated a number of major deals, including Hilton’s sale to the Blackstone Group and Berkshire Hathaway’s purchase of Heinz, and has a worked with the Dubai government.