By mid-1967, McGuinn had changed his first name from Jim to Roger as a result of his interest in the Indonesian religion Subud, into which he had been initiated in January 1965. The adoption of a new name was common among followers of the religion and served to signify a spiritual rebirth for the participant. Shortly after McGuinn's name change, the band entered the studio to record the Crosby-penned, non-album single "Lady Friend", which was released on July 13, 1967. The Byrds' biographer Johnny Rogan has described "Lady Friend" as "a work of great maturity" and "the loudest, fastest and rockiest Byrds' single to date." Regardless of its artistic merits, however, the single stalled at a disappointing number 82 on the Billboard chart, despite the band making a number of high-profile television appearances to promote the record. Crosby, who had closely overseen the recording of the song, was bitterly disappointed by the single's lack of success and blamed Gary Usher's mixing of the song as a factor in its commercial failure.
The poor sales suffered by "Lady Friend" were in stark contrast to the chart success of the band's first compilation album, The Byrds' Greatest Hits, which was released on August 7, 1967. Sanctioned by Columbia Records in the wake of the Top 10 success of Bob Dylan's Greatest Hits, the album was a critical and commercial triumph, peaking at number 6 on the Billboard Top LPs chart and giving the band their highest-charting album in America since their 1965 debut, Mr. Tambourine Man. Within a year, the compilation would be certified gold by the Recording Industry Association of America, eventually going platinum on November 21, 1986, and is today the biggest-selling album in the Byrds' discography.
Prior to the release of The Byrds' Greatest Hits, the band decided to dispense with the services of their co-managers Jim Dickson and Eddie Tickner. The relationship between Dickson and the band had soured over recent months, and he and Tickner's business arrangement with the Byrds was officially dissolved on June 30, 1967.
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