The Young and the Restless spoilers indicate there are big changes brewing in Genoa City, and Billy Abbott [Jason Thompson] is officially OUT at Jabot.
After months of trying to prove himself as CEO of his family business, all while trying to fend off his position while his other family members were chomping at the bit, Billy Abbott has finally lost his position at Jabot.
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In this all new The Young and the Restless video, the Abbott family holds a meeting and vote at Jabot. Ashley Abbott [Eileen Davidson] reveals that Billy stole hundreds of thousands of dollars from the family company to fund his gambling habit, and that appears to be a final straw.
After a vote, Billy Abbott is officially ousted and Traci Abbott [Beth Maitland] is named the CEO. There’s a storm brewing, and Billy’s downward spiral is just beginning. Stay tuned!