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  1. #1
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    Eric Cantor is no longer unemployed.... Guess where he got a job?

    On Wall Street! Congrats to Eric Cantor.

    He will be taking over as Vice Chairman and Managing Director for Moelis & Co. which is based in New York but Eric Cantor will soon have an office in Washington DC

    I didn't see it in the following link but I seen earlier that his salary was said to be something along the lines of $3.4 million.

    http://www.washingtonpost.com/news/m...ington-office/

  2. #2
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    How strange and unexpected.

  3. #3
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    The sad thing is that he is making a ton of money and its likely because of what he already done in Congress rather than what he will do in the near future.

    Like George Carlin always said.... bought and paid for

  4. #4
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    Take note. Cantor has zero experience doing anything related to banking, investment or finance on his CV. This hire is purely purchasing access to Congressmen so that laws can be further manipulated to advance Wall Street's interests. And it's the direct result of deregulation that allows this kind of shady, crooked deal.

    Anyone think that other Congressmen have noticed that blowing Wall Street for your entire time in Congress gets you a whore's payoff once they're finished with you? You've got a little something on your chin, there, Congressman. . .
    …authoritarian followers drive through life under the influence of impaired thinking a lot more than most people do, exhibiting sloppy reasoning, highly compartmentalized beliefs, double standards, hypocrisy, self-blindness, a profound ethnocentrism, and—to top it all off—a ferocious dogmatism that makes it unlikely anyone could ever change their minds with evidence or logic. These seven deadly shortfalls of authoritarian thinking eminently qualify them to follow a would-be dictator.

  5. #5
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    Quote Originally Posted by steelcityroller View Post
    On Wall Street! Congrats to Eric Cantor.

    He will be taking over as Vice Chairman and Managing Director for Moelis & Co. which is based in New York but Eric Cantor will soon have an office in Washington DC

    I didn't see it in the following link but I seen earlier that his salary was said to be something along the lines of $3.4 million.

    http://www.washingtonpost.com/news/m...ington-office/
    In a technical sense, his compensation package for the balance of this year and for all of next year is a little different.

    Business Insider

    Late Monday night it was reported that former House Majority Leader Eric Cantor would take a job at investment bank Moelis.

    The news has already prompted the predictable eye-rolling about the "revolving door." And to the Tea Partiers who ousted Cantor in a primary earlier this year, the news that he is going to Wall Street is vindication that he was never a populist like them.

    But anyway, Moelis has put in a filing with the SEC, detailing his pay package (Via Erik Schatzker).

    From the filing:

    Group LP has agreed to pay Mr. Cantor an annual base salary of $400,000. Group LP has also agreed to pay Mr. Cantor an initial cash amount of $400,000 and grant Mr. Cantor $1,000,000 in initial restricted stock units (“RSUs”), based on the average closing price of the Company’s common stock on the five trading days prior to his start date. The initial RSUs will generally vest in equal installments on each of the third, fourth and fifth anniversaries of his start date. For calendar year 2015, Group LP has agreed to pay Mr. Cantor minimum incentive compensation of $1,200,000 in cash and $400,000 in incentive RSUs, payable in equal quarterly installments. The incentive RSUs will generally have the same vesting schedule as incentive RSUs granted to Group LP’s other Managing Directors.

    So he'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.
    Your underlying point is well taken, I just wanted to add some clarity.
    Here is the question of the day, does anyone think that wealthy people should pay a lower percentage of their income to taxes than middle class people? Don't argue tax brackets, just a simple question. Do you think someone earning 46 million dollars should pay a lower percentage of their income than say someone earning sixty thousand?

  6. #6
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    Jon Stewart said it well yesterday when he said that this isn't a salary, it's a bill for services rendered.
    Member of the Owlluminati!

  7. #7
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    ...This is the quintessential "falling up" in American politics, err, lobbying these days. This industry has waaay more scratch than the basic rep rates for "serving".
    Offseason To Do List:
    1. Make an offseason to do list.
    2. Get some tips on the ladies from Clark the Cub.
    3. P90X with Prince Fielder.
    4. Compile top ten list of top ten G.O.A.T. top ten lists.

    _______________________


    That Ain't No Bat. That A Kickstand!

  8. #8
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    We should hold a intervention for our elected representative. THey have abused our trust. Sit their ***** down in a church basement on folding chairs. They got a problem. Their problem just don't effect them , but others as well. They got to quit being a hoe. We elected them to represent us and the minute someone or company shows them the money they go buns up, and grinning.

    Is this the new political career chart for young up and coming political players? Go to Congress and hook up with a suga daddy, who will treat them right? Give you a job after congress? Not only do we have to ask them to quit being a hoe, but to stop thinking like a hoe. We are doomed if we honestly expect hoes to get us out of this crap. Please quit being hoes. I am not the only one who think they are hoes, those guys who give them money, I am sure, think of their pollitical stooges as their *****as. We don't respect you, your paidmasters don't respect you. Please, quit being a hoe.
    Last edited by WES445; 09-09-2014 at 09:52 PM.

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