Someone is defacing all those giant pictures of Derek. Richard catches the culprit. It's Shane. It's cool though. The young intern was simply following Derek's orders to make his big head as unsightly as possible. In other news, the Pegasus folks are all set to close the deal until their meeting is interrupted. Derek walks in to tender his resignation. Meredith, Callie, Arizona and Cristina follow his lead. They all quit. Owen is stunned and the Pegasus deal is dead.
Alana thinks everything is ruined, including her career. Owen lets her know she needs to snap out of it. She needs to get back Pegasus or find another buyer because she's all he has left. Owen then pounds on Cristina's door while stuck in the pouring rain. She's not home. She's meeting with her partners in resignation. Some of the names they float out for their new corporation are "The Bitter Pills," "Epic Failure," "Death Spiral" and "Blind Leading the Blind, Inc." They should probably come up with a few more options.