Hi clarabow31! I see Roger as still retaining his title as co-owner, but not taking as active a role since his heart problems.
Don was promoted financially, and he brought Duck to SC.

Anyone else with thoughts?

Because I re-watched Season 1 this week I'm able to contribute the following information I missed the first time around. I guess I fell asleep and never backtracked to watch Episode 2 (Ladies Room), again.

In it, Paul Kinsey takes Peggy on a tour of the office and gives her his view of how Sterling Cooper is organized.

Copywriters (aka Writers) tell the Art Department what to do...
No one tells (copy)writers what to do except the Head of Creative, Don Draper.

Media Department buys space (billboards, newspapers, television, radio), adds a 15% markup and sells the space to SC's clients. Ninety per cent of the clients dollars go here...

The talented Creative Department comes up with design for the ad/campaign, and is provided at no additional charge to their clients.

Account Management is made up of Account Executives, "All are good at something, but it's never advertising.."

Anyone able to dissect their job titles? Is this the way all ad firms are set up?

Don is a partner and remains the creative director. Roger is a partner as well. Duck was brought in to develop new business and be head of accounts after Roger's heart attack.

RE: the titles, etc. As far as I know, most agencies are set up this way or in a similar way.

So where does Harry's new job fit in?

Yes Greytone! I was hoping to see more TV with Harry in charge of it.

@greytone: I think that became a brand new department/division with Harry Crane at the head of it when he asked for a raise. I hope this gives Harry more screen time because I like him. Roger Sterling just gave it to him, but what Harry's supposed to do is kind of blurry (it's not like Roger gave him any department budget, mission statement, etc.).

Being made a partner doesn't mean his job responsibilities would change. It just means he gets part of the profits now. Good incentive to stay, don't you think?