At Spencer, Bill, Liam, Katie, and Hope had an awkward celebration in Bill's office to toast Bill and Liam as father and son. Liam was not in a party mood, but Bill told Liam that he had found his father and had to live with the results.

Bill was cocky and admitted that he was not ready to become a father, but said they would work it out. Liam asked what Bill knew about Liam's mother. Bill appeared bitter. Bill answered by telling Liam that his mom was beautiful and very successful in a cutthroat business. She made a conscious decision not to tell Liam about his father -- it was no accident.

Bill remembered that he'd wanted to get back together with Liam's mom, but they lived on opposite sides of the country. Bill said that she never returned his calls. Bill added that Liam's mom clearly knew exactly what she wanted. Bill sounded regretful that she had decided against ever telling Liam about his biological father.

Bill asked about Liam's stepfather, and Liam said that he was a nice guy. Bill asked Hope and Katie to leave them alone. Katie looked doubtful, but Bill said that all the glass in the office was unbreakable, even earthquake- and bullet-proof, so no one would go flying out the window. Hope asked if Liam wanted her to wait, and he said that it was up to her.

After Katie and Hope left, Bill told Liam that his mother had said the very same thing to Bill years before -- that it was up to him if he wanted to wait for her.

Bill told Liam that he would be well taken care of, and Liam was insulted. Bill wanted to know more about Liam's mom. Bill wondered why Liam's mom had waited so long to tell him anything. Liam said that when he asked his mother about his biological father, she dismissed him when he was younger. Finally, in her dying days, she'd handed him a file folder and told him that he would find his father at Forrester.

Bill insisted there had to be more, and Liam agreed there was, but it was very emotional for him. Liam said that in her dying breaths, his mother ran her fingers through his hair. She smiled and said, "Handsome is as handsome does."

Bill looked shocked for a moment, and then Liam asked what it meant. Bill said that his mother loved him very much and it was just her way of saying it, but he was clearly hiding something. They talked more about Liam's mother, and then Bill told Liam that he hadn't been there for him before, but he expected to help Liam as an adult.

Bill told Liam that he would be working in the IT department at Spencer and wearing a suit and tie everyday. He promised that Liam would not receive any special treatment, and Bill expected him to work harder than anyone else. Liam said that he didn't want a job or a handout from Bill, but Bill noted that Liam didn't have many choices, since he had no job.

Bill told Liam that he couldn't make up for all the lost years, and Liam angrily said that he didn't want Bill to make up for anything. Bill snidely asked, "What do you want? Do you want me to come over and read you a bedtime story?" Liam threw a quick right cross, catching Bill squarely in the jaw.

Bill was caught off-guard and faltered slightly off-balance for a second. Liam looked angry but sorrowful. Bill stared at Liam with a combination of surprise, anger, and pride. "You have a decent right," Bill said with a smile. "You could be a Spencer after all."

Outside Bill's office, Katie and Hope took turns eavesdropping near the door. Hope shared that she couldn't even imagine what it would be like to have her biological father suddenly appear. Katie asked what Hope might say to Deacon, or if she would even recognize him. Hope said that she had seen pictures. She admitted that she might tell him to go away, but she also said that she might ask him to take her with him.

Katie wondered why Hope had agreed to help Liam, since he was involved in tampering with the video that had been so embarrassing to Hope and Brooke. Hope said that she understood Liam did not intend to hurt anyone, and then she added that they shouldn't be talking about it, since Forrester and Spencer were in litigation. Hope told Katie that Katie always handled the corporate world better than Brooke did.

At Forrester, Thorne joined Ridge and Stephanie and sadly told them that Bill Spencer was Liam's father. Ridge and Stephanie noted that Thorne was upset, and Thorne admitted that he was disappointed that he wasn't the father.

Stephanie could not recall meeting Liam's mom, but Thorne said that she was a wonderful woman and he'd loved her. Thorne said that he had been searching for a purpose ever since Darla had died. He said he loved Allie with all his heart, but he realized as she grew older that she needed him less and less.

He said that for a few hours in the hospital, he felt like he had a purpose. He was supposed to be a father to young man who had never had one. Then, he said he realized that his chance to have another child had vanished.

Stephanie tried to persuade Thorne that he still had plenty of time to remarry and have more children, but Thorne was despondent. Ridge teased that they had all planned to welcome Liam to Forrester and make room for him in the basement with another office.

In Thorne's office, Steffy was hiding out when Oliver found her. He wondered why she was hiding, and she said that everyone hated her. Oliver disagreed, but Steffy said that her brother hated her. Oliver again disagreed, but when Steffy asked if Oliver thought she was controlling, Oliver was tongue-tied.

Steffy smirked and said that there were times that she figured she should just let Forrester go because if Bill Spencer ran the place, she would have all the time and money in the world to do the things she loved. Oliver wondered what would make Steffy happy, and she changed the subject to Hope and how things were going between Oliver and Hope. Oliver said things were going well. Steffy then asked why he was packing up a box of his stuff.

Oliver told her he was leaving the company before he got fired. Oliver said that he was the other half of the scandal that Steffy had decided was so detrimental to the company that Steffy had wanted Brooke to be fired. Steffy argued that Brooke was taking a leave of absence until all the scandal died down. Steffy didn't want Oliver to leave.