Eric Cantor Eyes $1 Million Salary on Wall Street

Eric Cantor Eyes $1 Million Salary on Wall Street

Former Majority Leader Eric Cantor (R-VA) is considering hedge fund, private equity, and big bank job offers that could bag him over $1 million a year, reports Politico.

“There are two famous streets in America that would be glad to employ him. Either Wall Street or K Street would pay him a pretty good chunk of change,” said Ivan Adler of McCormick Group.

Lobbyists who have spoken to Cantor reportedly say he will not be staying in Washington.

Cantor, who was defeated in historic fashion by Tea Party candidate Dave Brat in the GOP primary, is married to Diana Cantor. Politico notes that she is “fully immersed in corporate America” and “serves on the boards of five corporations.” 

Indeed, as Government Accountability Institute (GAI) President Peter Schweizer revealed in Forbes, “In the 2012 election cycle, [Eric] Cantor raked in $896,900 from securities and investment firms. And his wife, Diana Cantor, is an investment committee member for an investment adviser that manages almost $900 million in private fund assets.”

Politico reports that “Cantor isn’t expected to be a huge draw” on the public speaking circuit and “many of his former leadership and personal aides have yet to land” jobs.