Sunday, September 7, 2014

Eric Cantor Investment Wanker

Forbes reported:

Moelis & Co., announced on Tuesday that it had landed a high-profile new employee: Former House Majority Leader Eric Cantor. Moelis & Co.’s new vice-chairman and managing director will get a $3.4 million pay package between September and the end of 2015.

Moelis' SEC filing stated that Cantor will become a member of the board of directors. The press release was disturbing as Eric Cantor has been anything but "conflict free."

Virginia voters ousted Eric Cantor because they're sick from what we've become. Cantor's absurd negative ads backfired, making people want to vote against him and his cocky, hyper-competitive, arrogant ways. 

So America, this is the face of globalism.  And we wonder why the world's problems are growing in magnitude?  The Moelis-Cantors have offered the world greed and control by any means (including violence).  However, they do it with discretion:

We believe our discretionary approach to compensation leads to exceptional advice, strong client impact and enhanced internal collaboration.
Moelis will steer a discretionary $3.4 million to Eric Cantor for the next 16 months of work.  How much will Eric get in retirement and other benefits from his years of public service?

Here's a message to people around the globe:  if you see Eric Cantor coming, bar the door.  Don't vote for what he's selling (or any other ex-public, now self servant)..

Congress is less popular than zombies, witches, dog poop, potholes, toenail fungus, hemorrhoids, cockroaches, lice, root canals, colonoscopies, traffic jams, used car salesmen, Genghis Khan, Communism, North Korea, BP during the Gulf Oil Spill, or Nixon during Watergate
Eric Cantor is a key part of American's disgust in Congress.  How far can he drag down the already low regard the public has for Wall Street, investment banks and private equity underwriters (PEU's)?  Yes, when I think of Eric Cantor, dog poop does come to mind.

Update 10-22-19:  Bloomberg reported a Centerview staffer worked with a peer at Moelis to sell insider information and the pair received over $1 million for their dastardly deeds.