he passed the position of publisher to Graham. When Meyer left the World Bank later that year, he took the title of chairman of the board of the Washington Post Company, leaving Graham as publisher.

In 1948, Meyer transferred his actual control of the Post Company stock (the company was privately owned) to his daughter and her husband. Katharine Graham received 30 percent as a gift. Phil received 70 percent of the stock, his purchase financed by his father-in-law. Meyer remained a close adviser