Here’s How Much Eric Cantor’s New Wall Street Job Pays

Former House Majority Leader Eric Cantor (R-VA), who was ousted in an historic upset by tea party challenger Dave Brat this summer, has signed on to the investment firm Moelis & Co, a job he accepted at minimum wage so he could understand the plight of the American worker.

LULZ, no. It’s for an annual salary of $2 million, plus a $1.4 million sign-on bonus.

Cantor will open a Washington office for the firm, where he “will provide strategic counsel to the Firm’s corporate and institutional clients on key issues,” and “will play a leading role in client development and advise clients on strategic matters,” the firm said in a statement Tuesday. So, whatever those sentences mean.

RELATED: Eric Cantor Calmly Accepts His Defeat: ‘I Couldn’t Be More Optimistic’

Following his loss, Cantor was widely pilloried for ignoring his constituents in favor of Washington insidery, a criticism that crystallized in the factoid that Cantor spent more at D.C. steakhouses in the past term than Brat spent on his entire campaign. Guess that’s not a problem anymore.

[h/t Financial Times]

[Image via screengrab]

——
>> Follow Evan McMurry (@evanmcmurry) on Twitter

New: The Mediaite One-Sheet "Newsletter of Newsletters"
Your daily summary and analysis of what the many, many media newsletters are saying and reporting. Subscribe now!