Eric Cantor Holds Press Conference At Capitol One Day After Primary Defeat
Alex Wong/Getty ImagesEric Cantor stepped down from his No. 2 position in the Republican-controlled House of Representatives in August.
By Arnab Sen

Former House Majority Leader Eric Cantor will join investment bank Moelis & Co. as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board.

Cantor, who was defeated in June by a Tea Party challenger in a Republican primary election, will provide strategic counsel to the company's corporate and institutional clients on key issues, Moelis said.

"Eric has proven himself to be a pro-business advocate and one who will enhance our boardroom discussions with CEOs and senior management as we help them navigate their most important strategic decisions," Moelis CEO Ken Moelis said in a statement.

Cantor, once the No. 2 Republican in the House of Representatives, was beaten by college economics professor David Brat, who accused Cantor of betraying conservative principles on spending, debt and immigration.

Cantor stepped down from his leadership position in the Republican-controlled House of Representatives last month and resigned from his Virginia seat.


Increase your money and finance knowledge from home

Goal Setting

Want to succeed? Then you need goals!

View Course »

Investment Strategies

What's your investing game plan?

View Course »

Add a Comment

*0 / 3000 Character Maximum

28 Comments

Filter by:
lionel

Isn't it just grand how Wall Street money steps in and saves this conservative throwback of the 1940's, who celebrates LABOR DAY through praising the hard work of owners and big money totally excluding the American working man and woman!?
You might not remember this, but here's what Eric Cantor tweeted out on Labor Day in 2012:
"Today, we celebrate those who have taken a risk, worked hard, built a business and earned their own success." He could care less of the hard working Republican, Democrat, Green or Libertarian working man and woman. It's all about hanging with the big boys, right Cantor?

September 03 2014 at 10:30 AM Report abuse rate up rate down Reply
k4jlp

The Republicans period...we will not forget.

September 03 2014 at 8:19 AM Report abuse +1 rate up rate down Reply
mac2sr

Cantor was a weakling. Good riddance

September 03 2014 at 7:38 AM Report abuse rate up rate down Reply
jalanandmruth

Shilling reverse mortgage scams to seniors was already taken

September 02 2014 at 7:41 PM Report abuse +1 rate up rate down Reply
jalanandmruth

Of course he did, once a fraudster always a fraudster

September 02 2014 at 7:27 PM Report abuse +2 rate up rate down Reply
geezerearl

Now he gets 2 make some real money.

September 02 2014 at 6:14 PM Report abuse +1 rate up rate down Reply
Big John

And people out in La La land thought he really cared about them! HaHaHaHaHa

September 02 2014 at 4:50 PM Report abuse +4 rate up rate down Reply
Gumby

Republicans is moving so far right that I fear it will set cracks all over the Capitol building from excessive shrills..

September 02 2014 at 2:16 PM Report abuse +3 rate up rate down Reply
Mark Brockway

That is where all of the Jews end up that is where the money is!

September 02 2014 at 12:59 PM Report abuse rate up rate down Reply
1 reply to Mark Brockway's comment
sam54ct

Umm no, actually, they own the Precious Gem world, and most of the media. White WASP's own Wall Street. Being reared on the Gold Coast of Connecticut, it was expected of us to be Finance Majors, and go to Wall Street after graduation, the path greased through family, and friends.

September 02 2014 at 1:55 PM Report abuse rate up rate down Reply
elendil3136

Titles aside, the only work he'll be doing will be lobbying his former fellow House crooks (oops, I meant cohorts) for more favors and tax breaks.

September 02 2014 at 12:49 PM Report abuse +8 rate up rate down Reply