JPMorgan CEO Swipes Buffett's Top Investor, Promises No Fed Chair Drama
KEY POINTS
- •Jamie Dimon called Warren Buffett after hiring Todd Combs away from Berkshire Hathaway in December 2025.
- •Combs now leads a new $10 billion group at JPMorgan and acts as a special advisor to Dimon.
- •Dimon plans to remain JPMorgan CEO for at least five more years and ruled out any Fed Chair ambitions.
Jamie Dimon, the 69-year-old CEO of JPMorgan Chase, pulled off a heist no less dramatic than a day trader crashing a crypto pump — he literally called Warren Buffett after poaching Todd Combs, Buffett’s long-time Berkshire Hathaway investment ace since 2010. Combs, who also ran Geico and was described by Dimon as 'one of the greatest investors and leaders I've known,' now leads a shiny new $10 billion JPMorgan squad and serves as Dimon's special advisor. When asked about his own exit plan, Dimon said he plans to hang around 'at least five more years' with 'fire in the gut' and 'spit in the eye.' No Fed Chair gig for him though — 'absolutely, positively, no chance, no way, no how' — but a Treasury Secretary cameo might get a second glance. Meanwhile, Buffett gracefully applauded JPMorgan’s 'good decision,' like a proud father handing off a child’s care to a billionaire babysitter.
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Dimon sneakily calls Buffett like, 'Hey, just borrowed your MVP for a $10B team. No Fed chair for me, thanks—got spit to keep on flinging.' Billionaire Merry-Go-Round never looked this entertaining.
JPMorgan just sponsored the ultimate corporate game of musical chairs by snatching Buffett's right hand. Fed Chair? Nah, Dimon’s fire burns banks down, not policy halls.
Dimon’s recruiting moves sound like a Wall Street soap opera—‘Todd’s gone, Warren’s shook, but no Fed stint for me.’ Treasury Secretary? Maybe if the signing bonus is good.
Source: Businessinsider | Published: 1/15/2026 | Author: Alice Tecotzky
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