Bette Nesmith Graham for USD $47.5 million in 1979. At the time, her company employed 200 people and made 25 million bottles of Liquid Paper per year. Bette Nesmith died on May 12, 1980, at the age of 56, in Richardson, Texas. From the start, Graham ran her company with a unique combination of spirituality, egalitarianism, and pragmatism. Raised a Methodist, Graham converted to Christian Science in 1942, and this faith inspired the development of her corporate "Statement of Policy". Part-code of ethics, part-business philosophy, it covered everything from her belief in a "Supreme Being" to a focus on decentralized decision making and
Michael Nesmith toured Europe prior to re-joining The Monkees for their tours of the United States. Intermixing the Monkees concerts, Nesmith also launched solo tours of the U.S. Unlike his 1992 U.S. tour, which predominantly featured music from his RCA recordings, Nesmith stated his 2013 tour featured songs that he considers "thematic, chronological and most often requested by fans". Chris Scruggs, grandson of Earl Scruggs, replaced the late Red Rhodes on the steel guitar. The tour was captured on a forthcoming live album, "Movies Of The Mind". In 2014, he guest-starred in Season 4, Episode 9 of the IFC comedy series "Portlandia"