Career At The Washington Post Company
In 1946, when Washington Post publisher Eugene Meyer was named the first president of the World Bank, 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 to his son-in-law until his death in 1959, at which time Graham assumed the titles of President and Chairman of the Board of the Post company.
Read more about this topic: Phil Graham
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