The Waystar Royco board vote on the GoJo sale comes down to Shiv Roy as the deciding ballot. Lukas Matsson has already cut Shiv out, quietly offering the American CEO role to Tom Wambsgans — her estranged husband — who accepts without telling her. A tip from Greg Hirsch briefly unites all three Roy siblings for the first time all season: they fly to Barbados, back Kendall as their candidate, and return to New York as a coalition. That coalition collapses in a hallway outside the boardroom, where Kendall denies a drowning confession both siblings witnessed, then physically attacks Roman when the birthright argument fails. Shiv watches and casts the deciding vote for the deal. Tom becomes CEO. The company passes out of Roy hands entirely.

The finale settles the show's central argument: the succession contest was never a real transfer of power ...