JPMorgan Climbs on Appointment of Berkshire Executive Todd Combs
Warren Buffett Has Noted That Hiring Combs was one of his "best moves" at Berkshire Hathaway.
Shares of JPMorgan Chase (JPM) - Get Report climbed Tuesday after the bank named Todd Combs, an investment officer at Warren Buffett's Berkshire Hathaway (BRK.B) - Get Report , to its board of directors. Combs, who has been viewed as an heir-apparent to Buffett's business began working at Berkshire Hathaway in 2010 and manages $9 billion in assets, according to Reuters. And, Buffett noted in his annual letter to shareholders that hiring Combs was one of his "best moves" at Berkshire Hathaway.
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