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Eric Cantor Takes $1.2 Million Wall Street Job After Losing House Seat
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by News Editor
House Majority Leader Eric Cantor. Photo: wiki commons.
Newsmax – Former House Majority Leader Eric Cantor landed a $1.2 million job at the investment bank Moelis & Co., pulling down more money than his Tea Party-backed opponent spent defeating him in a Republican primary.
The base salary for “providing strategic counsel” to the firm: $400,000. He’s set to receive an “initial cash payment” of $400,000 and $1 million in stock, according to the company’s filings with the Securities and Exchange Commission.
