Revolving Door Watch: Eric Cantor Lakes Lucrative Post at Investment Bank

You needn’t have worried about Eric Cantor, folks. He’s
landed on his feet:

Late Monday night it was reported that former House
Majority Leader Eric Cantor would take a job at investment bank
Moelis….[H]e’ll have a base salary of $400,000 for this year and
next. Add in $1.4 million in signing bonuses this year, and $1.6
million in incentive compensation next year, and Cantor is looking
at a cool $3.4 million.

Reuters
reports that Cantor will “provide strategic counsel to the
company’s corporate and institutional clients on key issues.” I
invite Reason readers to offer their own translations of
that job description in
the comments, the blunter the better.