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Buffett, the largest shareholder in the San Francisco-based bank, told the Financial Times in an interview that the next Wells Fargo CEO shouldn't come from JPMorgan or Goldman Sachs (GS) - Get Goldman Sachs Group Inc. (The) Report .
"They just have to come from someplace [outside Wells Fargo] and they shouldn't come from Wall Street," Buffett told the Financial Times. "They probably shouldn't come from JPMorgan or Goldman Sachs."
"There are plenty of good people to run it, but they are automatically going to draw the ire of a significant percentage of the Senate and the U.S. House of Representatives, and that's just not smart," Buffett said in the interview.
On TheStreet's daily show at 10 a.m., Jim Cramer said that he has some ideas about the next CEO of Wells Fargo.
"It wouldn't surprise me if [interim CEO] Alan Parker wanted the job, that he didn't get it. I mean, he's a general counsel and he's a very smart man. He could do well. I had opined on the morning show that perhaps they should pick a technologist. [Martin] Chavez from Goldman will be interesting, but again, [Warren Buffett] doesn't want a banker. So maybe go outside and you get someone from Informatica who does great software work or maybe you get someone from Salesforce (CRM) - Get Salesforce Inc. Report --which has done a lot of banks--or from Workday (WDAY) - Get Workday Inc. Report . Maybe someone from Dell (DELL) - Get Dell Technologies Inc. Class C Report , which has a lot of business," Cramer said. "Or someone from IBM (IBM) - Get International Business Machines Corporation Report , maybe a Jim Whitehurst who used to run an airline and now runs a Red Hat, which is going to be bought by IBM. He's going to stay for a bit, but Whitehurst might be an excellent pick."