Economics
Ex-Republican Leader Lands Job at Moelis Investment Bank
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Former House Majority Leader Eric Cantor landed a job at investment bank Moelis & Co. that will pay him at least $3.4 million, more than his Tea Party-backed opponent spent to beat him in a Republican primary.
The base salary for “providing strategic counsel” to the firm: $400,000. He’s also 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.