On his 80th birthday, media magnate Logan Roy, whose imminent retirement was thought to be a given, shocks his family by announcing he's staying on indefinitely as CEO of Waystar/Royco. The news shatters his son Kendall, the heir apparent who's in the midst of negotiating the purchase of a digital-media venture founded by a slick operator named Lawrence.

With the company’s annual foundation gala fundraiser approaching, and his dad out of the picture, Kendall polishes up his speech while enlisting an on-air personality from the Waystar’s ATV Networks to accompany him. Shiv tries to minimize damage from a sordid photo that threatens a client's political future. Tom inherits a “virus” from his predecessor.

After hearing Logan’s plan to expand in to local TV, Kendall begins to plot a vote of no confidence against his father. Greg drives his ornery grandfather Ewan from Canada to New York for a Thanksgiving reunion with Logan. Tom grows increasingly concerned about the terms of his prenuptial agreement with Shiv, and recruits Greg for a clandestine task.