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 in the Air Force, Nesmith obtained a G.E.D. and was discharged under honorable conditions in 1962. He enrolled in San Antonio College, a community college, where he met John Kuehne (later to be known as John London) and began a musical collaboration. The duo won the first San Antonio College talent award, performing a mixture of standard folk songs and a few of Nesmith's original songs. While in college, Nesmith began to write more songs and poetry and after moving to Los Angeles, Nesmith began singing in folk clubs around the city and had one notable job as the "Hootmaster"