Previously on Billions…
Bobby waves Mafee into his office, but Mafee stays where he is. Bobby is perplexed until Wags explains Mafee wishes to talk about BioLance so has sent Wags in to get permission because Bobby told him he would be fired if he brought that up. Mafee thinks that they are about to lose £400+ million and is basically saying Bobby has this one wrong. Since he is executing the trade, Mafee fears if he does not speak up now, he’ll be fired after they lose the $400+ Million. Bobby sees how this could be a sticky one.
Bobby loves Mafee though so permission is granted.
Mafee has been losing sleep over this BioLance trade and he sleeps like a bear. Axe does that thing he does and asks Mafee what type of bear he usually sleeps like.
There is a special announcement call about BioLance in 9 minutes and Mafee is uneasy. Bobby, however, is giving Mafee no leeway when it comes to the actual information as Bobby understands the risks and has done the homework. So, despite the fact that the other analysts agree with Mafee and him being so loveable, Mafee is the one standing in front of Bobby and Mafee is fired.
He is still there 9 minutes later when the announcement is made that BioLance has not gotten FDA approval. What does this mean? It means that Mafee would be perfectly entitled to jump up on the desk and scream “I told you so”. However, Mafee looks genuinely disappointed by the announcement. If he is fired, why does he care that Axe just lost $430 Million dollars for being an over confident and dismissive ass? Mafee might just be a team player.
The news has hit Bobby like a ton of bricks, but it is not really the fact that he just lost $430 million that is bothering him or that he really owes Mafee an apology. It is the realisation he has lost his mojo. He was wrong. Him! Bobby Axelrod.