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 period, Nesmith started his multimedia company Pacific Arts, which initially put out audio records, 8-tracks, and cassettes, followed in 1981 with "video records." Nesmith recorded a number of LPs for his label, and had a moderate worldwide hit in 1977 with his song "Rio," the single taken from the album "From a Radio Engine to the Photon Wing". In 1983, Nesmith produced the music video for the Lionel Richie single "All Night Long". In 1987, he produced the music video for the Michael Jackson single "The Way You Make Me Feel". During this time, Nesmith created a video-clip for "Rio"