For weeks now on The Young and the Restless, Lily (Christel Khalil) has been on a mission to become the sole CEO of Chancellor, now renamed Abbott-Chancellor. After Jill (Jess Walton) gave Billy (Jason Thompson) her control at the company and the demerger with Winters finalized, Lily assumed she could eventually push Billy out and run the company by herself, only reporting to Jill. Unfortunately for her, things haven’t gone as she planned and she wound up being fired by Billy instead.
Almost immediately after receiving her pink slip, she cozied up to Victor (Eric Braeden) who is determined to steal Chancellor from Jill and Billy, feeling the pair are no longer honoring Katherine Chancellor’s (Jeanne Cooper) legacy. The Newman patriarch, of course, led Lily to believe she would be put in charge once he acquired the business. She was enraged when Nikki (Melody Thomas Scott) told her the truth, that Nikki would be running things and the Newmans hoped Lily would stay on as the COO.
