Warren Buffett's deputy goes to JPMorgan: What close watchers say about Jamie Dimon hiring Todd Combs [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
JPMorgan CEO Jamie Dimon is a longtime admirer of Buffett and has spoken highly of Combs. Combs, the CEO of Berkshire-owned Geico since 2020, sat on JPMorgan's board for nine years. Warren Buffett will soon be out of a job, but at age 95, he's probably not looking for a new one. Longtime admirer Jamie Dimon may have sprung for the next best thing by hiring his understudy. The JPMorgan CEO has hired Todd Combs , one of Buffett's two investment managers at Berkshire Hathaway, to head up a new $10 billion group at the bank and be his special advisor. Bringing Combs into the JPMorgan fold might be as near as Dimon can get to having Buffett himself on his team. "Dimon may very well have viewed Combs as a close proxy for Buffett himself," David Kass, a finance professor and longtime Berkshire blogger, told Business Insider. "Although Dimon could not hire Buffett, he could hire one of his protégés." Read more of our reporting on the leadership transformation underway at Berkshir
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