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 worst record in the history of the world". However, their singles and albums continued to sell well, until the disastrous release of the movie "Head". Nesmith's last contractual Monkees commitment was a commercial for Kool-Aid and Nerf balls, in April 1970 (fittingly, the spot ends with Nesmith frowning and saying, "Enerf's enerf!"). With the band's fortunes continuing to fall, Nesmith asked to be released from his contract, and had to pay a default: "I had three years left... at $150,000 a year", which he had to pay back. He continued to feel the financial bite for years afterward until his