Tuesday, September 2, 2014

Cantor Cashes In $$$; Heads to Wall Street to Become Crony Banker

Former House Majority Leader Eric Cantor has landed a job at investment bank Moelis & Co that will pay him a minimum of $3.4 million

His base salary for “providing strategic counsel” to the firm will be $400,000. He’s will receive an “initial cash payment” of $400,000 and $1 million in stock.

Next year Cantor’s “minimum incentive compensation” will be $1.2 million, plus $400,000 in stock. The company will pay for Cantor to live in a “reasonable” New York apartment. Cantor will also take a seat on the company’s board, which will expand to seven members from six.

“When I considered options for the next chapter of my career, I knew I wanted to join a firm with a great entrepreneurial spirit that focused on its clients,” Cantor said in a statement from Moelis.

Cantor should fit right in at this place. What do employees say about the firm? From Vault.com
(verified employees):
Small desks

don't believe the hype.

Do a lot of work to win deals, disrespectful people

culture is tough, lack of respect, over staffed, poor junior banker quality

 lack of mutual respect