When Eric Cantor lost his primary election in June, I felt really bad. How would he live? Would he be able to pay his mortgage? How would he pay his grocery bill?
You can understand my relief when I read that he was hired by the investment bank Moelis. He will be the vice chairman and managing director of the 7-year-old firm. He will receive an annual salary of $400,000. He also received a $400,000 cash payment and $1 million in stocks.
Tonight I will be able to sleep, knowing that Eric has a job.
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