|Season 2, Episode 3|
|Air date||August 25, 2019|
|Written by||Tony Roche|
|Directed by||Andrij Parekh|
|<font-family:Trajan Pro;font color="white">Episode Guide|
Logan informs his skeptical management team of his plan to make another attempt to acquire Pierce, a rival media company and one of the most respected names in news, and brings back Frank to work on the deal. Convinced the acquisition is a terrible idea, Shiv asks Tom to deliver the message to Logan at a corporate retreat in Hungary. Greg worries his pre-meeting with a Logan biographer puts his standing with the family at risk. Connor’s presidential announcement irritates Logan.
Logan Roy has a meeting with his doctor who reminds him to take it easy, Suggesting he sit out the company retreat in Hungary. Logan puts off seeing his dying friend Moe, and goes into a board meeting, demanding to know why no one has found a problem to his solution with Sandy Furness. He then informs everyone, their company will be taking over media-giant PGM. He asks if anyone has issues with getting involved with the Pierce family, even deciding to bring Frank Vernon back on the team for how close he is with Nan Pierce. The few board members that make negative comments about the deal are immediately shut down. Kendall Roy agrees with his father on the issue, while Roman Roy makes fun of him for.
Tabitha and Roman are looking over Connor Roy's presidential campaign video. He wants to get rid of taxes and threatens the government to try and sue him for not paying his. Roman also asks his girlfriend if she can get him in contact with Naomi Pierce. Meanwhile, Logan wants Shiv Roy to go talk to her brother Connor about his campaign for president and trying to eliminate taxes. They have agreements with people in powerful positions about such things.
Greg and Ken meet, and Greg appears to give his boss cocaine. Meanwhile, Shiv asked Tom Wambsgans about her father's deal with PGM. She already approached the company with her father, and both want to know how she knew. Unbeknownst to both, she had been on the phone the entire time with Gerri Killman while her father was talking to the boardroom earlier. Shiv wants Tom to talk to her father about the deal while they are in Hungary, telling him it's a bad idea.
Everyone is packing their guns for Hungary, ready for the big sporting event. While on the plane, Karolina Novotney informs Logan finds out that Michelle Pantsil has a source from inside his private camp. He demands Sam find out who, after accusing his son Ken, who quickly denies it. Greg finds out that Logan might know it was him, and begins to panic.
Once in Hungary, Frank arrived at the million-dollar house to greet the rest of the company. Ken, Logan and, Frank have a quick meeting to discuss how taking over PGM would work. They are interrupted by Roman and then informed they are about to go hunting, after a quick safety meeting about guns.
Shiv tells her brother Connor not to run for president based off his no-tax campaign. He says he’ll think about it and then asked his sister to come work for him, before leaving for a meeting. Shiv decides to tag along with Willa while she goes out for drinks with her girlfriends. Hoping to convince her, that Connor's idea is bad. While out to drinks Shiv meets a handsome man and decides to bring him back to her place. But not before Connor releases his presidential campaign video.
Greg informs Tom that he talked to Michelle Pantsil. Tom tells him to tell no one, and hope the whole mess blows over. But to be wary of Sam. Meanwhile Ken and Roman also talk about the book-agreement. And Ken confides he got a call and was thinking about talking. Meanwhile Roman’s takes a private call, rather suspiciously.
Everyone gathers around to shoot pigs that are released before them as they stand up on high towers with their rifles. One of them eventually shoots a pig and they all gather around for a photo before having dinner, with boar as the main course. Before dinner, Jerry and Karl tried to pressure Tom to tell Logan, that PGM is a bad idea. Meanwhile, Logan finds out that someone tipped Pierce's off, and he is furious, demanding to find out who.
Not long into dinner, Logan confronts all his staff members, demanding to know who informed the Pierce family. He also wants to know who has been talking to the woman trying to sell a book about him. He first insults Frank, demanding to know why he took his job back. Then asks If Karl’s wife knows about all his visits to the whorehouse. Logan makes Karl stand in the corner, followed by Tom and then Greg. Though he spares Gerri. He then berates them and embarrasses them, and has everyone else join in, before making them fight over sausage, the loser would be considered the mole. They are fighting it out physically, Ken discovers it would his brother Roman who was going to talking with Naomi Pierce. Logan is furious and calls him a moron. Ken informs his father, no one backs him on the PGM deal. Logan plans to go ahead with it anyways.
The next morning at breakfast, everyone is still surprised and taken back by the nights before. Except Cyd Peach who takes another gab at Tom. Logan finds out Moe was the one who talked to Michelle Pantsil and passed away the night before. Logan then calls his daughter Shiv to bring her into the company the next day to shadow him, and Gerri convinces Roman to take the 6-week management course. Before arriving back home, Frank informed Logan that Pierce's CEO, Rhea Jarrell, emailed him and is interested in meeting.
- Stewy Hosseini, Sandy Furness and Ewan Roy were all mentioned, but do not appear.
- Frank Vernon is personal friends with Nan Pierce.
- Tabitha is personal friends with Naomi Pierce.
- Shiv Roy hooked up with a guy, as part of her new Open Relationship with Tom. Tom declined to know the details.
- Roman Roy is attending the 6-week management training.
- Shiv Roy is being brought into Waystar Royco to start her hands-on training with Logan Roy.
- Moe passed away.