Michael (Steve Carell) gets excited when he’s invited by CFO David Wallace (Andy Buckley) to be honored on stage at the Dunder Mifflin shareholder meeting in New York. He brings Andy (Ed Helms), Dwight (Rainn Wilson) and Oscar (Oscar Nuñez) along for the ride in the limo that was sent, making Oscar wonder why the company would spend money on sending a limo when they’re about to go bankrupt. Oscar is further baffled at the fact that they booked a huge conference room for the meeting.

Andy suggests that Oscar take a stand, but Oscar refuses to for fear of losing his job. When the meeting begins, the panel, which Michael is a part of, is greeted by jeers, which is not what Michael was hoping for. Although Michael is commended by CEO Alan Brand for his ability to maintain profitability with the Scranton branch, Michael feels he deserves more praise when more people celebrate the opening of a waste management facility. When the meeting appears to be going nowhere, the panel takes a break, and Michael gives the crowd the false hope of a 45-day plan to fix Dunder Mifflin.

Meanwhile, Jim (John Krasinski) has a hard time getting Ryan (B. J. Novak) to do work, as Ryan sees no point since the company is on the verge of closing. Ryan sends an email around the office regarding Jim’s lack of authority over the office, prompting Phyllis (Phyllis Smith) to take a two hour lunch break. Jim thinks that he needs to make an example of Ryan in front of everyone, but Pam (Jenna Fischer) doesn’t think Jim is capable of doing so. Jim, frustrated with Ryan’s excuses, ultimately decides to give Ryan his own personal office space in the small closet in the kitchen, which lacks windows and internet access so he won’t bother anyone or become easily distracted. He presents this “honor” to Ryan in front of everyone, showing them he means business. A humiliated Ryan tries to apologize, but Jim puts him in the closet anyway.

Back in New York, a frustrated David Wallace is asking Michael what his 45-day plan is for the shareholders. Michael doesn’t have an idea, so he calls Oscar into the hotel room for some suggestions. However, Oscar is visibly embarrassed and can’t force himself to criticize the wasteful management to their faces. Oscar instead compliments them, doesn’t repeat any of his earlier suggestions, and leaves. When Michael returns, he is further lambasted by the CEO and former U.S. Congressman Chris O’Keefe who openly insults Michael. In his defense, Michael points out he is the only person who seems to be making money for Dunder Mifflin and is therefore not the moron, and goes so far as to call the former Congressman a moron out of retaliation for the same insult.

Enraged, Congressman O’Keefe, who is presiding over the meeting, takes away Michael’s limo privileges. Michael then triumphantly sneaks away with Dwight, Andy, and Oscar back out into their limo and drive out of the city. As they leave, Michael justifies his actions by saying that of everyone there, he and his team are the only ones who deserve to celebrate with limo rides. As they leave, the camera catches a glance at the stock market ticker, where the Dunder Mifflin (DMI) stock price, currently at $1.13, down 6 7/8, continues to drop dramatically.

“Shareholder Meeting” is the 11th episode of the sixth season of the U.S. comedy series The Office and the show’s 111th episode overall. It was written by Justin Spitzer and directed by Charles McDougall.

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