Canadian television production company Pyramid is hosting a party to celebrate 45 episodes of its popular ""Sword of Damacles"" and the announcement of 20 more shows. The problem is however that the star of Damacles doesn't want to sign on for another year.

Richard Strong is having an affair with Siobhan Roy, the boss' (Alan) daughter. The two conspire to drug Raymond Dodge, Richard's brother-in-law by drugging his drink, and making it appear as if he had groped Siobhan in order to get him fired, allowing Richard to take his Job. The plan works and Richard is promoted to the new head of Television Development.

Richard settling in to his new job at Pyramid sets his sights on his new threat, Lisa. At the same time Alan promotes Victor and makes him the new head of all departments. A job previously performed by Veronica. Veronica gives a reporter writing a story on Victor's new promotion top secret information so as to make it appear as if Victor leaked it.

The person ultimately blamed for the leak is Lisa, Victor's girlfriend, and she is fired. When Victor says nothing she goes home with Richard. The two sleep together promising they will never speak of this to anyone.... but Richard has his own agenda, he has taped it.

Walter Franklin Sr, the star of Beaver Creek dies during hair transplant surgery in Mexico, after Richard suggests he could save money by having it done there as opposed to the States. Pyramid's stock price plummets on the news as the network announces Beaver Creek will not go on. Richard buys 350k worth of stock as he re edits several unaired scenes of Beaver Creek to make it seem as if Walter had filmed a death scene just before he actually died.

In the meantime Pyramid quickly orchestrates a show funeral in the Beaver Creek church, utilising the timeslot they had already been alotted. Problems arrise when the head of the Canadian Actors Union finds out they plan on airing the funeral featuring testemonials of the cast.

Alan manages to get Beaver Creek renewed for another season when he threatens to hold back the final episode. Richard's quick editing inserts Shiobahn into the show as Walter's sons wife, fufilling a promise he made to her. Pyramid's stock soars and Richard finds

Victor's movie is not going well. Their star ""Jeremy Black"" is flying off the handle at everything, putting the entire movie into jeopardy. Veronica fires the Vice President of Film Production so that they have a 'fall guy' for the problems on the film. Richard is instructed to hire a new Vice President of Television Development. He hires a non threatening idiot with no education or ambition to fill the post.

Alan calls in from LA and asks Richard to start creating a new show about undercover cops that work in prisons to fight organised crime. Alan has an in with the President of NBC's new President of Program Development who loves the idea. Richard works all night on the idea quietly but the information is leaked to a VP at NBC, threatning the project.

Richard heads to LA to try and throw off the young exec with a misinformation campaing. The young exec tells him Victor tipped him off to the show. Richard calls someone back home and arranges to have Jeremy Black mugged, and ha

Richard is taken off the cop show project and is given a "mill show" (a cheap daily assembly line-type show) to produce.

Alan Roy receives word that he is to receive the Sully (Lifetime Achievment Award) at this years Gemini Awards. He has Richard force the Gemini Producers move his acceptance to a television night from an Industry night, and hires a writer to write his acceptance speech. Six weeks later he is still unable to settle on a speech. Before the group can leave he is struck in the face by Damacles and is forced to stay behind. The group sets out to look for Richard who has excused himself to the boardroom with Siobahan where they are caught having sex on the boardroom table.

Raymond, Richard's brother in law, is brought back to Pyramid at Siobahan's urging as she wants a role in his new show.

Richard is miserable as the new production head for Prodigy's Captain Magee show after being fired from Pyramid for having sex with Siobahan on the boardroom desk. Alan is at a health spa having recently undergone minor surgery and now he's announced to the executives at Pyramid he's selling the company to Dennis Weston of Prodigy. Alan plans to retire and return to what he calls his first love, producing films, but Veronica is able to talk him out of it. Her and Richard are able to get the merger to reversed and Alan ends up buying Prodigy instead of the other way around. She then gives Richard his old job back.

Pyramid Prodigy is having growing pains, Alan rents the bar down the street to hold a private party for the staff that he has just given the day off. They run a video tape of Alan who proceeds to basically fire the whole company. What they don't realise is they have also fired someone who happens to be Keifer Sutherland's brother in law. Some fancy footwork, and quick words on the part of Richard gets him back into the company, but at a press conference announcing the new Keifer project, Sutherland announces Pyramid Prodigy does not have the skills needed to produce such a series. As his videotaped speech plays, Keifer's brother in law sneaks away leaving his resignation with Veronica. The press mobs Alan and the gang before they can make it to the doors.

Michael Rushton, star of Damacles wants to direct, the staff doesn't want him to. Unfortunately they have no choice as its in his contract. At the same time Siobahan wants to spread her wings and try something other than Beaver Creek and so Alan gives her a role on Damacles. Victor's nephew Ted, on a rehab release comes with him to spend a few days at the office, and instantly hits it off with everyone including Alan. Within hours he has pitched a whole New Media division to Alan and begins working on a Sword of Damacles video game. Alan orders Richard to babysit Damacles while he attempts to direct the show in an effort to keep it somewhat on budget, and on time.

Alan is thrilled with a new management book he has found and is becoming obsessed with the idea of connecting nine dots with four straight lines (without any of the lines crossing) He instructs Richard to find a way to make Beaver Creek more interesting to the Americans. They decide to add an Asian to be a David Carradine character. The changes prove to be disastrous but end up being a setup by Alan. (Another management technique) Meanwhile, he is leaving Veronica completely outside of the loop leading her to believe she is being fired. She becomes so dispondant she gets drunk with Victor and later sleeps with him. Alan calls her into his office the next day only to throw her a surprise birthday party. Veronica, now even more furious announces that not only was her birthday six months ago... but that she was so upset she slept with Victor.

Alan discovers the healing power of magnets and orders everyone to begin wearing them in their shoes as they prepare for the big television convention NATPE. They Pyramid gang begins working on a new 13 minute daily news show that will stream to every highschool in America but soon learn that Alan's arch enemy is also making his own project. At NATPE Richard straps the magnetic shoe inserts to his arms and proceeds to wipe all of Moses' pilots. His actions work, but not before Moses discovers his treachery resulting in him getting hired by Moses to run his new Bogota, Columbia station.

Richard is still trapped in Bogota working at one of Moses' new stations. The Industry Leader is still mad over the scam he pulled in the previous season finale. Moses sends Richard out into the Jungle by helicopter and the chopper is shot down. Richard is forced to return to Canada in a container with a group of illegal immigrants where he befriends a man who speaks no English. Back at Pyramid all is not well. The shareholders are out for blood after they learn that after their worst set of losses in the company's history Alan has given himself a huge bonus. Veronica is trying to douse the crisis. Meanwhile Wanda's attention is focussed on an Elian like child named Manolo on the television news. Richard returns to Pyramid surprising everyone, seeing as how they thought he was dead. Alan wants the group to track down Manolo's agent as television companies all over the world fight for the rights to his story. Richard returns again to Pyramid after a meeting with Moses with Man

Alan is concerned with morale at Pyramid and so he hires William and Susan Doyle to produce a video to boost morale. He instructs them not to tell Veronica, Richard or Victor what they are doing as it will only arouse their suspicions. The last time the company produced an internal video they fired most of the staff. (2x02 New Offices) Meanwhile, Alan gives Victor and Wanda a make work project to find a song he heard on the radio at some point over the last week. The only problem is he doesn't remember how it goes, what station he was listening to, or when he heard it. The three are convinced that this, and Alan's announcement that the Sword of Damacles needs to be more Australian are all designed to keep them busy so they are unprepared for their coming firing. Veronica and Richard come up with a great way to break up the team by planting ideas in each others heads.

Richard's latest pilot is a disaster. Victor lords it over him as they enter a meeting with Alan. Alan decides to bring in a creative team known as ""The Two Daves"" When they arrive however, they're on Dave short. Dave has a great deal of difficulty coming up with any good ideas on his own. Richard helps him out saying he has an annonymous writer with some ideas. The writer wants 50% of Dave's consulting fee ($50,000). Dave finally agrees. The writer of course, is Richard.

Victor wants a date with Veronica's friend but she thinks he's gay. He then finds out Veronica's Gym (female only)is only four blocks away. Alan and him sue for membership. Hours later they find out there is a better gym even closer, the only catch, is that its a gay Gym.

Eliza, who is Network Brian's daughter, is at the office on a school work study. Alan gets asked by Network Brian to keep Richard and Victor away from her, and he tells the to go away, but not too far. Victor takes Richard to an empty soundstage where they brianstorm about a sci-fi history movie.

Meanwhile, Eliza pitches show ideas that are all old shows with minor, and not workable, differances and falls in love with Veronica, and Veronica rejects her.

Richard and Victor end up taking a drunken and depressed Eliza home, to find Alan and Network Brian in the apartment.

Alan decides to cash in on Damacles' popularity in Germany and asks Michael Rushton (Damacles) to write a book based on the philosophy of Damacles. Unfortunately, after weeks of work all he has come up with is a title. Alan charges Veronica and Richard to write the entire book. The pair get wasted on techilla and end up writing what becomes a best seller. Unfortunately this creates another problem as Michael begins to believe he is a god. Richard is forced to bring him back down to Earth which ends up destroying the books popularity, but saving the show from cancellation.

Alan tries to find out why a best-selling author turned down his job offer.

Victor hires Richard's brother (Scott Thompson) to host Pyramid's new kids' show to help boost ratings, much to Richard's chagrin.

Alan discovers a show called Producer's Cut, a Canadian program that lampoons the television production business, and Alan feels its based on him. He decides to fire Wanda and has her planted at the production company that is producing the new show. Jonathan Summers, the shows producer asks Alan to appear on the show, and continues to insist the show is not about him. Unfortunately Alan's newly acquired improv skills make him look like such an ass that the shows producer begins making fun of him after all. Meanwhile, with Victor being the only person Alan trusts, he places him as the office receptionist. As well, Veronica renegotiates all the executive salaries. Victor and Richard become obsessed over who makes the most money.