40 You will be in charge of my court, and all my people will take orders from you. Only I, sitting on my throne, will have a rank higher than yours." 41 Pharaoh said to Joseph, "I hereby put you in charge of the entire land of Egypt." 42 Then Pharaoh removed his signet ring from his hand and placed it on Joseph's finger. He dressed him in fine linen clothing and hung a gold chain around his neck. 43 Then he had Joseph ride in the chariot reserved for his second-in-command. And wherever Joseph went, the command was shouted, "Kneel down!" So Pharaoh put Joseph in charge of all Egypt.
Matthew Henry's Commentary on Genesis 41:40-43
Commentary on Genesis 41:33-45
(Read Genesis 41:33-45)
Joseph gave good advice to Pharaoh. Fair warning should always be followed by good counsel. God has in his word told us of a day of trial before us, when we shall need all the grace we can have. Now, therefore, provide accordingly. Pharaoh gave Joseph an honourable testimony. He is a man in whom the spirit of God is; and such men ought to be valued. Pharaoh puts upon Joseph marks of honour. He gave him such a name as spoke the value he had for him, Zaphnath-paaneah, "a revealer of secrets." This preferment of Joseph encourages all to trust in God. Some translate Joseph's new name, "the saviour of the world." The brightest glories, even of the upper world, are put upon Christ, the highest trust lodged in his hand, and all power given him, both in heaven and earth.