Well the admiral guy calls it a field promotion. Then Riker chooses his own first officer. I take it to mean if Picard was gone for good, he would remain captain.
GoRe Star wrote:
Shelby may be a hothead but she's not stupid. She can get away with mouthing off to Riker in the end with no long term negative effects since she was the Admiral's favorite and Picard was the one ultimately in charge there.
I'd say it wasn't a smart move on her part to make an enemy of Riker, because Picard actually asks Riker what he thinks of her.