With German Polygram executives in town to complete the deal for American Century, Richie delivers a bombshell that shocks the prospective buyers as well as his partners: Zak Yankovich, ACR's head of promotions, and Skip Fontaine, head of sales. When the dust settles, the Germans storm out of the ACR offices, leaving Richie to face the ire of Zak, Skip and company attorney Scott Levitt.
In Greenwich, Devon ponders what to do about her husband, who broke his promise by going off the wagon, though her anger is tempered by memories of the man she fell in love with back in 1966, when she was a fixture in the downtown art/music scene and a muse to Andy Warhol. Back at American Century, Richie gives the A&R team members a mandate to land a cutting-edge act or lose their jobs.
Jamie, pushing the Nasty Bits, is encouraged that Richie is interested in the band, but dismayed she'll be working with A&R head Julius "Julie" Silver, who vows to polish the Bits' sound. A devastated Zak considers changing his alibi for a recent injury, while Richie decides to pay a visit to an estranged mentor.