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September 5, 2014

Former House Majority Leader Cantor Signs on to Wall Street Firm 
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Former House Majority Leader Eric Cantor has landed a new job on Wall
Street just months after his stunning primary loss. Cantor became the
first House majority leader to ever lose a primary when he fell to tea
party challenger David Brat. Brat ran on a staunch anti-immigrant
platform, but some analysts say Cantor was done in by a voter backlash
against his insider politics and close Wall Street ties. This week, the
Wall Street investment bank Moelis & Company announced Cantor will serve
as the company's vice chairman and managing director for a base pay of
$400,000 and a bonus of more than $1 million in stock and cash.

 

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