--- title: Eric Cantor Joins Wall Street Investment Bank Moelis & Company description: Former House Majority Leader Eric Cantor joined the executive board of an investment bank on Tuesday, two weeks after he resigned from office in the wake of a stunning primary defeat by a tea party candidate. canonical: https://time.com/3256209/eric-cantor-moelis-company/ author: Dan Kedmey article:opinion: false article:content_tier: free article:published_time: 2014-09-02T13:25:43.000Z article:modified_time: 2026-02-21T09:57:45.738Z article:section: Politics og:title: Eric Cantor Joins Wall Street Investment Bank Moelis & Company og:description: Former House Majority Leader Eric Cantor joined the executive board of an investment bank on Tuesday, two weeks after he resigned from office in the wake of a stunning primary defeat by a tea party candidate. og:url: https://time.com/3256209/eric-cantor-moelis-company/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltb9f81ad5494b6b2a/6986a1a7361760234090dacc/452975404.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 4520 og:image:height: 2543 og:image:alt: House Majority Leader Eric Cantor og:type: article twitter:card: summary_large_image twitter:title: Eric Cantor Joins Wall Street Investment Bank Moelis & Company twitter:description: Former House Majority Leader Eric Cantor joined the executive board of an investment bank on Tuesday, two weeks after he resigned from office in the wake of a stunning primary defeat by a tea party candidate. twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltb9f81ad5494b6b2a/6986a1a7361760234090dacc/452975404.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # Cantor Joins Investment Bank Following Primary Loss  by [Dan Kedmey](https://time.com/author/dan-kedmey/)  ## Dan Kedmey Sep 2, 2014 1:25 PM UTC  House Majority Leader Eric Cantor, R-Va., walks from the House floor after delivering his final speech as Majority Leader on Thursday, July 31, 2014. House Majority Leader Eric Cantor, R-Va., walks from the House floor after delivering his final speech as Majority Leader on Thursday, July 31, 2014.Bill Clark—CQ-Roll Call,Inc./Getty Images  by [Dan Kedmey](https://time.com/author/dan-kedmey/)  ## Dan Kedmey Sep 2, 2014 1:25 PM UTC Former House Majority Leader Eric Cantor joined the executive board of an investment bank on Tuesday, two weeks after he [resigned](http://time.com/3069840/cantor-congress-resign/) from office in the wake of a stunning primary defeat by a Tea Party candidate. Cantor will become a vice chairman and managing director of Moelis & Company, a New York-based investment bank with 500 employees 15 offices around the world. He will provide “strategic counsel” to the bank’s global clients, which include corporations, governments and financial sponsors. “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](http://www.moelis.com/News/SitePages/news-feed-details.aspx?feedId=248) in a joint announcement with the bank’s CEO, Ken Moelis. “I have known Ken for some time and having followed the growth and success of his Firm, I have long admired his vision and leadership.” Cantor, just the latest in a long line of former elected officials to earn big paychecks after their time in office ends, will earn a base salary of $400,000, plus a $400,000 signing bonus and $1 million in restricted stock, according to the bank’s SEC [filing.](http://www.sec.gov/Archives/edgar/data/1596967/000110465914064087/a14-20284%5F18k.htm) “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 said. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3256209/eric-cantor-moelis-company/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3256209/eric-cantor-moelis-company/"},"headline":"Cantor Joins Investment Bank Following Primary Loss","datePublished":"2014-09-02T13:25:43.000Z","dateModified":"2026-02-21T09:57:45.738Z","description":"Cantor will offer \"strategic counsel\" as the bank's vice chairman and managing director","url":"https://time.com/3256209/eric-cantor-moelis-company/","keywords":["Congress","republicans","Eric Cantor"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/bltb9f81ad5494b6b2a/6986a1a7361760234090dacc/452975404.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Dan Kedmey","jobTitle":null,"url":"https://time.com/author/dan-kedmey/"}],"articleSection":"Politics","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/bltb9f81ad5494b6b2a/6986a1a7361760234090dacc/452975404.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"House Majority Leader Eric Cantor","caption":"House Majority Leader Eric Cantor","creditText":"Bill Clark—CQ-Roll Call,Inc./Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/politics/","name":"Politics"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/congress/","name":"Congress"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/3256209/eric-cantor-moelis-company/","name":"Cantor Joins Investment Bank Following Primary Loss"}}]}] ```