1. Pete and Ken are both named head of accounts: This is the biggest (and most obvious) setup of the evening. When they fire the old head of accounts, the new Brits in town divide his job between Pete and Ken, dropping the hint that they expect one of them to out perform the other. Narcissist Pete is pissed, of course, and whines to his wife (who wears a killer hat to the office). Ken is cooler about it and thinks that it's a good opportunity for competition.
What's coming: It's war. And Ken is toast. Also, more hats!