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 third son Jason was born in August 1968 to Nurit Wilde, whom he met while working on "The Monkees". Phyllis's third child and Nesmith's fourth, daughter Jessica, was born in September 1970. In around 1972, Nesmith started the record label Countryside Records with Jac Holzman, the founder of Elektra Records. Also in 1972, Nesmith and Phyllis were divorced and he moved to Carmel-by-the-Sea, California. In 1974, Nesmith started Pacific Arts Records and released what he called "a book with a soundtrack", titled "The Prison", as the company's first release. In 1976, he married Kathryn Bild. In 1988, following the ending