Jamie Dimon says he called Warren Buffett after poaching his protege

"The JPMorgan CEO said that he called Buffett after hiring Todd Combs in December, who will lead a new $10 billion group at the bank and act as a special advisor to Dimon. "It's a free country, and people make their own decisions," Dimon said in an interview at the Chamber of Commerce on Thursday. "I did call Warren. He probably wouldn't have preferred it, but he said, 'if he's going anywhere, at least he's going to you.'""

"Combs had been at Berkshire since 2010, where he served as CEO of Berkshire-owned Geico and as one of Buffett's two investment managers. In a press release, Buffett said that Combs "has resigned to accept an interesting and important job at JPMorgan," and that the bank made "a good decision." In his own press release about the hire, Dimon called Combs, a former member of JPMorgan's board, "one of the greatest investors and leaders I've known.""

"Dimon, 69, addressed questions of his own future as a corporate leader during Thursday's interview. When asked whether he wants to stay in the job his characteristic five more years, Dimon said yes, "at least." "I love what I do. It's up to the board how long I do it. As long as I have the energy and the spit in the eye and the fire in the gut, yeah, I want to do it,""

Jamie Dimon called Warren Buffett after hiring Todd Combs, who will lead a new $10 billion group at JPMorgan and serve as a special advisor. Combs had worked at Berkshire Hathaway since 2010, serving as CEO of Geico and as one of Buffett's two investment managers, and Buffett acknowledged Combs' resignation to join JPMorgan. Dimon praised Combs as a top investor and leader and emphasized respect for Buffett. Dimon, age 69, said he plans to remain JPMorgan CEO for at least five more years while rejecting any prospect of serving as Federal Reserve Chair.

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