At a record producers' banquet honouring Maury Gold, Richie is embarrassed when the emcee, rival record exec Jackie Jervis, makes a joke about the failed German Polygram deal. Later, Maury and mob cohort Corrado Galasso pay a visit to American Century to probe a detective's recent inquiry, and Joe Corso drops by to pitch Richie a demo by his banquet date, Nora.
As Richie cuts down his roster to free up money to sign and promote new artists, junior A&R rep Clark Morelle courts Alice Cooper in an attempt to sign him to a solo deal. Trying to find purpose in the suburbs, Devon turns to Andy Warhol in hopes of raising funds to renovate a Greenwich barn that could house a displaced Russian ballet company.
Approaching Lester about releasing some of his old blues demos, Richie reopens old wounds instead. The revamped Nasty Bits fail to win over Richie, prompting Jamie to change up their set list.