Eric Cantor Leaving US House for Wall Street Millions?

Did former US House of Representatives Majority Leader Eric Cantor (R-VA) announce his resignation from the House so he can speed up private negotiations to make the big bucks in the financial industry? That is the suggestion of a new Politico article.

The Politico article also indicates that Wall Street is already knocking on Cantor’s door and quotes a “headhunter” who says Cantor has “relevant talents”:

Cantor has not made any public comments about what he will do next or if he has already decided his next move.

However, GOP insiders said Cantor has already been approached by a number of K Street lobby shops, companies and Wall Street firms, but has not engaged in any serious negotiations with any of these potential suitors at this point, according to several sources familiar with the conversations.

‘He will have opportunities in the traditional Washington political world,’ said Nels Olson, a top headhunter at Korn Ferry. ‘I think he could have Wall Street, investment banks or private equity firms interested given his relevant talents.’

While Cantor would be widely sought after in Washington, he is more seriously considering potential hedge fund, private equity or big bank opportunities, according to sources familiar with his post-Congress thinking.

Rep. Kevin McCarthy (R-CA) — who replaced Cantor as House Majority Leader and who Cantor described in his Thursday House floor farewell speech as “my closest confidant and my good friend” — pipes up in the article that Cantor “knows financial markets well.”

When and how did Cantor gain this knowledge that the Politico article suggests will help him land a million dollars-plus salary on Wall Street?

An answer to that question is not apparent. But, any Wall Street firm or firms that hire Cantor will not have to provide a justification that satisfies curious onlookers.

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