- The family attends an annual company gala overseen by Connor and highlighted by a surprise announcement.
- The episode opens in Logan Roy's apartment while he is getting Physical Therapy. Logan (Brian Cox) is walking slowly, encouraged by Joan (Lynne McCollough). She tells him, "Okay, that's right, along the edge. Good. That's good." Grumpy Logan is not happy and snarls back, "Don't patronize me. Walking is not good. Its f**king normal. I'm not." An operatic aria is playing in the background and that too is becoming annoying. Marcia (Hiam Abbass) tells Logan to turn it off himself, then marches out of the room.
[Credits Roll]
Kendall Roy (Jeremy Strong) is on the company jet reviewing notes. A limo is at the airport to meet him. Ken calls Rava to ask about her attendance at a soiree tomorrow night. Jess Jordan (Juliana Canfield), Ken's Personal Assistant greets him with coffee and asks about his Los Angeles trip. Gerri Kellman (J. Smith-Cameron), the company attorney joins Ken and Jess. Logan made an unexpected visit to see Ken. Roman Roy (Kieran Culkin) is at home in the bathroom when Grace Roy (Molly Griggs) enters and tries to get intimate but Roman throws cold water on it. Shiv Roy (Sarah Snook) and Tom Wambsgans (Matthew Macfadyen) are having breakfast and discussing the upcoming charity dinner, the Roy Endowment Creative New York ball. Roman calls Shiv with news that the senate candidate she's working for has a husband that posted intimate pictures of a part of his anatomy and ATN has it ready to broadcast. Eva (Judy Reyes) and the news director are discussing the picture and how to present the story. Logan is on the phone when Ken enters his father's office. They chat briefly. Logan calls his attendant, Joseph (uncredited) to bring the wheelchair. Ken returns to his office and calls Roman to let him know Logan is in the building. Roman is surprised to find Frank Vernon (Peter Friedman) waiting in his office for him to arrive. Frank explains that Logan asked him to return to Waystar, "He wants me to show you the ropes." Shiv meets with Joyce Miller (Eisa Davis), the senate candidate, to get details in order to handle the fallout from the scandal. Joyce suggests Shiv talk to her father.
Preparations are underway at the RECNY venue. Connor Roy (Alan Ruck), Logan's oldest son, is working with the event coordinator on last minute details. Tom and Greg Hirsch (Nicholas Braun) attend the office retirement party for Bill Lockhart (Mark Blum). Bill tells Tom he has one final task before he leaves, then promptly dismisses Greg from his office. Bill explains that he shut off the Wi-Fi and will create a temporary document and print it out, adding mysteriously that he doesn't want to leave anything with his fingerprints on it. This both intrigues and frightens Tom. Bill gives Tom a number to a set of storage files in the depository. Before final disclosure, Bill gives Tom a choice: Full briefing which will make Tom an accessory, or no information and plausible deniability. Roman visits Ken in his office and tells him that Frank is back. Roman resents having a babysitter. Then they discuss the charity event. Ken admits he has no date, but would like to take Anna Newman, the ATN broadcast personality. Tom, crawling around on his office floor, is immersed in the documents Bill left. Joan and Joseph are helping Logan with his PT as Karolina (Dagmara Dominczyk) enters Logan's room. She tells Logan that Ken will announce that Logan will be stepping down from public duties. Logan is upset, and demands the source of the announcement. Connor and Logan take the limo to the venue. Connor suggests he take over and change the charity's recipients.
Shiv meets with Eva regarding the news story. She wants the story "spiked" and tries to convince Eva that it is not a good idea to air the story, but Eva believes it is legitimate news and ATN isn't the only outlet airing it. Shiv tries to leverage the Roy name, but Eva responds, "You know, I wouldn't let any other strategist in the building, let alone this floor. Good to bear in mind that you're only here because your name matches the one carved on the building." Eva then walks away. Ken meets privately with Stewy Hosseini (Arian Moayed). Before Ken leaves to meet with Stewy, Tom tries to explain the situation at Parks and Cruises, but Ken reminds his soon to be brother-in-law that the best employees are the ones who handle problems without bothering higher management. Ken greets Stewy, when Logan walks in and announces, "So you're the little schmuck who owns such a big chunk of me." After an unpleasant exchange, Stewy asks Ken, "Who's in charge right now?" Ken assures Stewy that "Legally and Effectively" he's in charge. Logan wanders into Ken's office and urinates on the floor.
Tom meets with his personal attorney, then calls Greg into his office to review the "Death Pit" documents. Tom reminds Greg that he is family, then insists Greg review the documents that outline a systematic pattern of cover-up of crimes - including: Theft, Sexual Assault, Rape and Murder. Logan returns to the Ken/Stewy meeting insisting that Ken buy a data mining company. Logan asks for Stewy's thoughts. While retrieving some documents in his office, Ken discovers the urine stain on the carpet. Back with his father and Stewy he learns that Logan will be attending the charity event. Ken has Gerri, Frank and Roman witness the urine stain. Frank expresses concern that Logan will be attending RECNY because major shareholders and the press will see Logan's condition, and hear Logan if he should blurt out something inappropriate. While getting dressed for the event, Tom tries to tell Shiv his plan to deal with the Parks and Cruises problem.
The RECNY charity event is underway. People mingle and chat, cocktails are mixed and hors d'oeuvres are served. It is a black-tie event. Logan and his wife arrive and a wheelchair is waiting. When Logan settles into the chair he admits to Marcia, "I don't think I can do this." She assures her husband he can. Connor is obsessing over every little detail. Willa (Justine Lupe) is trying not to get too involved. Kendall is chatting with Anna Newman (Annika Boras). Connor is reviewing the teleprompter scroll when he notices something labeled, "Surprise Logan Retirement Announcement." Gerri corners Tom and tells him not to proceed with his press announcement on Park & Cruises. Connor talks to Logan to verify that he plans to announce his retirement, "Just wanted to check that you're aware of Kendall announcing your retirement this evening." A surprised Logan tells his oldest son, "There's been a change of plan. Kendall's not speaking. I am." Connor watches Marcia trying to butter a roll and freaks out about the butter being frozen. Mark Ravenhead (Zack Robidas), an ATN commentator, opens the ceremonies. In the kitchen prep area Connor berates the serving staff. Tom blames Greg for talking to Gerry about his plan to go public with the Parks & Cruises story. Logan sets Roman straight on his role at the company and where he sits with Frank. At their table, Grace Roy is chatting with a waiter, much to Roman's annoyance. Connor informs Ken that Logan will be doing his speech. In a panic Ken consults with Gerri. He asks the company counsel to intervene to prevent Logan from possibly making a fool of himself, but Gerri tells Logan that he will do fine. After a dance number, Ravenhead introduces Logan Roy. Marcia helps Logan to the stage. Logan thanks Marcia for her support and welcomes Tom to the family mentioning his daughter's engagement. To set the record straight about his own role, Logan says, "And now for one last announcement of the night. I'm officially announcing ... I'm back." Applause and a standing ovation follows the announcement. As he leaves the lectern he tells Marcia, "Get me out of here." Ken tries to talk to his father, but is put in his place by Logan in no uncertain terms. As Marcia leads Logan back to the car, Kendall returns to his date and accuses her of being cold and distant. Anna confesses that her boss, Eva, ordered her to accept Ken's invitation and show him a good time. She explains that she is seeing someone, but since Ken is the boss she felt obligated. Anna walks away and Ken walks over to talk to Eva. Tom and Shiv drive home as Gerri thanks Greg for his wise decision to take her into his confidence. "Good kid. Smart move. Keep talking," she tells Greg. Greg replies, "I aim to please, ma'am." Back at Roman's apartment, he and Grace get intimate, while Kendall takes the limo home alone. We close with Marcia and Logan taking their limo through the streets of New York at night.
[End Credits Roll]
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