Tyler seduces Lily away from Cane. Cane calls a truce with Jill at Chancellor. Katherine divides her estate & Chancellor the following: 1/4 Cane, 1/4 Murphy, 1/4 Billy, 1/4 Jill. Cane and Jill buy Murphys share.
Cane gets custody of the twins. He vows his undying love to Lily at Divorce Court. Tyler becomes VP at Jabot Fashions. Tyler and Lily marry. Neil and Leslie marry. Jack mortgages Jabot Fashions to raise money for Jabot. Jill and Cane buy up shares of Jabot under a secret company, CJ Holdings.
Neil, under stress, has a massive heart attack. Tyler takes over guidance of Jabot Fashions, with Lily concerned about her father. After visiting 'the medium' all year, Lily feels its Karma for divorcing Cane and 'abandoning' the twins. Lily pulls away from Tyler. Tyler is concerned because he has been cooking the books, and Paul and Alex are after him, and are ready to arrest him.
At the Jabot annual stockholders meeting, Jack faces pressure to sell Jabot Fashion, which he does to it's largest debtor, CJ Holdings. It's revealed that it's Cane & Jill. A lone voice cries out from the back of the stockholder's meeting, and cries out, 'What about my say, Mom? What about my say at Chancellor, and my interest?" The stockholders' crowd parts -- It's Billy!!
In front EVERYONE -- Jack, Tracey, Kyle, Neil (in a wheelchair), Lily, Tyler, Leslie, Paul, Alex, and Cane; Jill is forced to decide, once and for all, who is her 'true' son? She chooses Cane and taking over Jabot Fashion with CJ Holdings!
Jack tells her she is a disgrace to John Abbott, Billy tells her, "I have no Mother!", and runs out crying. Cane kisses Jill sweetly, and Jill says to call her Mom. (oh brother)
Cane walks over to Tyler and says, 'You now work for me'. Alex and Paul move towards Tyler to pull him aside yet again to arrest him. This causes Tyler to run out of the room, and to run into a just-opening elevator. Mason, late for the Meeting, came out of the elevator, saw Tyler in distress, and got back into the elevator car with him to see what was the matter. The elevator is unstable, it plummets to the ground, knocking Mason out, causing the whole shaft to be knocked unstable.
Tyler jumps out of the elevator, trying to wake Mason up. Mason's unconscious. Tyler pries the door open, and stumbles towards the back door of the building Suddenly a giant air conditioning unit plummets through the elevator shaft, and flattens Mason.
Tyler runs out of the building...
Hours later, we see Tyler looking at the TV News in a motel room, with a bag of cash he embezzeled. The news reporter says, '...and embattled Jabot Fashion VP Tyler Michaelson was killed in a freak elevator shaft accident'. The next TV scene is of Cane hugging Lily at the stockholder's meeting, very distraught, but being in Cane's arms makes Lily happy.
Tyler turns towards the camera, with a crazy glint in his eye, and says, 'No one takes the woman of Davis Rogan.'....