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Billions - S02E01 - Risk Management
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Billions season 2 episode 1

Risk Management

 
In the aftermath of their Season One confrontation, U.S. Attorney Chuck Rhoades and hedge fund king Bobby Axelrod are digging out of the wreckage. Chuck faces scrutiny from within his office and from the Attorney General. Axe refortifies Axe Capital, and weighs his options for retaliation. The fund wrestles with a precarious economic landscape that threatens the very existence of Axe Cap. Wendy entertains an offer from a rival hedge fund manager. Lara intervenes in an emergency at her children’s school.
 
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Billions / S02E01 : Risk Management
Season 2, Episode 1 | Aired on February 19, 2017 | TV-MA | 55 min. | Showtime
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EPISODES
Season 2
Season 2
Season 2
Season 7
Season 6
Season 5
Season 4
Season 3
Season 2
Season 1
Specials
 
 
  • Billions - Episode 1 - Risk Management
    Episode 1
    Risk Management
  • Billions - Episode 2 - Dead Cat Bounce
    Episode 2
    Dead Cat Bounce
  • Billions - Episode 3 - Optimal Play
    Episode 3
    Optimal Play
  • Billions - Episode 4 - The Oath
    Episode 4
    The Oath
  • Billions - Episode 5 - Currency
    Episode 5
    Currency
  • Billions - Episode 6 - Indian Four
    Episode 6
    Indian Four
  • Billions - Episode 7 - Victory Lap
    Episode 7
    Victory Lap
  • Billions - Episode 8 - The Kingmaker
    Episode 8
    The Kingmaker
  • Billions - Episode 9 - Sic Transit Imperium
    Episode 9
    Sic Transit Imperium
  • Billions - Episode 10 - With or Without You
    Episode 10
    With or Without You
  • Billions - Episode 11 - Golden Frog Time
    Episode 11
    Golden Frog Time
  • Billions - Episode 12 - Ball in Hand
    Episode 12
    Ball in Hand

Billions season 2 episode 1 Recap and FAQ

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Episode Summary

In "Billions," the rivalry between Chuck Rhoades and Bobby Axelrod escalates. Axe Capital reopens amid suspicious circumstances, and Bobby focuses on survival tactics in a challenging industry. Wendy Rhoades, caught between her past at Axe Capital and new opportunities, faces ethical dilemmas. Chuck is investigated for his handling

Full Episode S02E01 Recap

### Introduction "Billions" portrays the high-stakes battle between U.S. Attorney Chuck Rhoades and hedge fund king Bobby "Axe" Axelrod. This recap delves into an episode filled with tension, betrayal, and strategic maneuvering in the financial and legal arenas. ### Bobby Axelrod's Strategy - **Axe Capital's Comeback**: After a forced shutdown, Axe Capital reopens. Employees are anxious, discussing a suspicious fire system malfunction that caused the closure. - **Axe's Address**: Axe addresses his staff, emphasizing survival and adaptation in a hostile environment. He introduces performance coach Dr. Wendy Rhoades, emphasizing her importance. - **Changing Tactics**: Axe stresses the need for change, citing industry challenges. He conducts a harsh exercise to show that only a few will survive the next 18 months. ### Wendy Rhoades' Dilemma - **Wendy's Choice**: Wendy, now working independently, visits Krakow Capital. The manager tries to recruit her, but Wendy remains non-committal. - **Tough Decisions**: Wendy, torn between her past at Axe Capital and new opportunities, grapples with her professional identity and ethical boundaries. ### Chuck Rhoades' Investigation - **Investigation Intensifies**: Chuck is under scrutiny by Oliver Dake from the Office of Professional Responsibility, who investigates Chuck's conduct in the Axe case. - **Uncovering Secrets**: Dake digs into Chuck's tactics and discovers a suspicious $5 million payment to Chuck's wife, Wendy, linked to her involvement with Axe. ### Tensions and Betrayals - **Lara Axelrod's Concerns**: Lara Axelrod confronts the school nurse about negligence, showcasing her protective nature over her family. - **Internal Conflict at Axe Capital**: Employees discuss strategies to survive in Axe's new regime, highlighting the pressure and uncertainty within the firm. - **Chuck and Wendy's Strained Relationship**: Chuck and Wendy's separation adds personal turmoil to their professional challenges, with trust and communication breaking down. ### Climactic Confrontations - **Axe's Bold Moves**: Bobby Axelrod, feeling cornered, plans to aggregate lawsuits against Chuck as a strategic attack. - **Chuck's Dwindling Options**: Chuck faces potential dismissal as the Attorney General summons him, while he suspects internal betrayal within his team. ### Conclusion This episode of "Billions" intensifies the conflict between Axe and Chuck, with both facing significant challenges and making bold moves to secure their positions. Personal relationships are tested, and the lines between right and wrong blur in the pursuit of power.

Frequently Asked Questions

What is the main conflict in this episode of "Billions"?

The main conflict is between U.S. Attorney Chuck Rhoades and hedge fund king Bobby Axelrod, each facing significant professional and personal challenges.

Why was Axe Capital temporarily shut down?

Axe Capital was temporarily shut down due to a suspicious fire system malfunction, though employees speculate about the real reason behind the closure.

Who is Dr. Wendy Rhoades and what is her role in this episode?

Dr. Wendy Rhoades is a performance coach introduced by Axe to his staff. She is torn between her past at Axe Capital and new opportunities at other firms.

What investigation is Chuck Rhoades facing?

Chuck Rhoades is under investigation by Oliver Dake from the Office of Professional Responsibility for his conduct in the case against Axe.

What significant discovery does Dake make about Chuck Rhoades?

Dake discovers a suspicious $5 million payment to Chuck's wife, Wendy, linked to her involvement with Axe, raising questions about misconduct.

How does Lara Axelrod demonstrate her protective nature?

Lara Axelrod confronts a school nurse about negligence, showing her protective nature over her family's well-being.

What strategy does Bobby Axelrod plan against Chuck Rhoades?

Bobby Axelrod plans to aggregate lawsuits against Chuck as a strategic attack to weaken him.

What personal issue complicates Chuck and Wendy's relationship?

Chuck and Wendy's separation and the breakdown of trust and communication complicate their relationship, adding to their professional challenges.

What is the climax of the episode?

The climax involves Axe planning a strategic attack on Chuck through lawsuits, while Chuck faces potential dismissal and suspects betrayal within his team.

How does the episode portray the pursuit of power?

The episode portrays the pursuit of power through strategic maneuvering, betrayal, and blurred ethical lines in both the financial and legal realms.

 
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