Читать книгу The Secret History of Entertainment - David Hepworth, David Hepworth - Страница 17

MONKEE MOMMA MAKES MILLIONS

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Bette Nesmith Graham was a single mother working as a typist in Dallas in the early 1950s when she came up with the idea of a white correction fluid that she initially called Mistake Out. She began manufacturing it herself, at first in her kitchen, using her son Michael and his friends to bottle and sell the product to office supply dealers. She changed the name of the product to Liquid Paper and moved into larger premises in 1968, by which time Michael had become a member of the chart-topping Monkees and made more money in a year than her business had done in the previous ten. She eventually sold her share of the business to Gillette in 1979 for $49 million plus a royalty on every bottle for the rest of the century. Sadly she died the following year at the age of fifty-six, leaving her son with a significant amount of money, an important collection of the work of women artists and a charitable organisation called The Gihon Foundation.

The Secret History of Entertainment

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