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 Shiv discovers that Tom is following Logan’s playbook, she, Kendall, and Roman consider backing Sandi and Stewy’s aggressive play on the Matsson deal. Meanwhile, Logan gives an impromptu pep talk to the ATN newsroom… and outsources a tricky conversation with Kerry. Later, Connor tries to make the most of his rehearsal dinner when Willa goes AWOL.

Ahead of a crucial new product launch on Investor Day, Shiv weighs a business proposal from Matsson, while Kendall and Roman call an impromptu meeting to flip the script on their latest interaction with the tech billionaire. Later, the brothers each try to match Logan’s tempestuous style, with varying results.