In the latest *The Young and the Restless* spoilers, a major shake-up is brewing at Chancellor Abbott Industries as Billy Abbott’s

controversial decision to appoint Phyllis Summers as Chief Operating Officer (COO) has sparked outrage among shareholders and the

business world. Known for his impulsiveness, Billy’s choice left many questioning his judgment, especially given Phyllis’s notorious past filled

with schemes and scandals. Despite her history, Billy sees Phyllis as a dynamic force who can help him rebuild the company and take it to new heights. To him, she’s more than just her past—she’s a sharp and determined woman with the potential to be a key asset in the company’s future.

Phyllis, thrilled by the opportunity, feels revitalized and ready to prove herself in a new light. For the first time in a long while, she believes she has a chance to leave her troubled past behind and work towards a brighter future. Her partnership with Billy feels electric, and the two share a synergy that could propel Chancellor Abbott into a new era of success. However, not everyone is on board with Billy’s bold move.

The shareholders, who have seen Phyllis’s name tied to numerous controversies over the years, are far from convinced that she is the right person for such a critical role. Their trust in Billy has already been shaky, and his decision to bring Phyllis into a leadership position feels like a reckless gamble. A tense, impromptu meeting is called, where one vocal shareholder directly confronts Billy, questioning how he could expect them to trust Phyllis given her past dishonesty and schemes. The room is filled with palpable tension as the shareholders express their concerns.

Billy, calm but firm, defends his decision. He acknowledges Phyllis’s mistakes but emphasizes that everyone deserves a second chance, including her. He insists that Phyllis is one of the most resourceful and intelligent people he knows, and he’s confident that she can help make Chancellor Abbott stronger than ever. But despite Billy’s assurances, the whispers in the room grow louder. Rumors begin circulating that the board wants Jill Abbott, the seasoned businesswoman who once led the company, to return from London to take back control and steer Chancellor Abbott through these turbulent times.

Meanwhile, across town, Lily Winters is fuming. Having poured her heart and soul into the company, Lily feels betrayed by Billy’s decision to replace her with Phyllis. It feels personal—like a slap in the face. Lily has always been a dedicated and loyal team player, but now she’s been cast aside for someone with a checkered reputation. The more she thinks about it, the angrier she becomes. Determined to do something about it, Lily picks up the phone and calls Jill Abbott in London.

When Jill answers, Lily quickly fills her in on Billy’s decision to appoint Phyllis as COO and the growing unrest among the shareholders. Jill, who had stepped away from day-to-day operations to focus on her health, is stunned. She had trusted Billy to make sound decisions in her absence, but this feels like a disaster waiting to happen. Phyllis? Of all people? Jill can hardly believe what she’s hearing. Has Billy lost his mind?

Sensing an opportunity, Lily presses on, urging Jill to return to Genoa City. The shareholders are losing faith in Billy, and Lily believes that Jill is the only one who can save the company from crumbling under Billy and Phyllis’s leadership. Reluctantly, Jill realizes that she can’t sit on the sidelines any longer. She has to step back in before things spiral out of control. After a brief moment of consideration, Jill makes up her mind.

“I’m coming back,” Jill declares, her voice filled with resolve. “And when I do, things are going to change. Lily, I need you by my side. We’re going to take control of this company and set things right.” For the first time in a while, Lily smiles. She knew Jill would understand, and together, they’ll work to save Chancellor Abbott from what they see as impending disaster.

But what will Jill’s return mean for Billy and Phyllis? While firing both of them seems like a tempting solution, it’s a decision that weighs heavily on Jill’s mind. Billy is still her son, and despite his mistakes, she loves him. Firing him could create an irreparable rift in their family. As for Phyllis, her fate remains uncertain. Jill knows that tough decisions lie ahead, but one thing is clear—Chancellor Abbott is about to undergo a major transformation.