It's 1930's L.A. Mildred Pierce (Kate Winslet) has been abandoned by her unemployed husband Bert leaving her with their young daughters Veda and Ray. She has been trying to make ends meet by selling her home-made pies. She is forced to take a lowly waitress job in Hollywood. Veda finds out and berates her for embarrassing the family. Mildred tells her that she's preparing to open her own restaurant. Mildred is sleeping with Bert's former real-estate partner Wally Burgan who comes up with a place to start the restaurant. Due to tax reasons, the scheme requires Mildred to divorce Bert. She begins dating polo-playing playboy Monty Beragon (Guy Pearce). He does no work but he gets an income from a fading fruit import business. While secretly away with him, Ray gets sick and later dies. With her waitress friend Ida Corwin's help, her chicken-and-waffles restaurants become highly successful. Mildred doles on Veda but she turns more and more rotten.

This is a five parts HBO mini-series based on the 1941 novel and most well-known for the 1945 film adaptation. For me, this is a tragic mother and daughter story. The drama only gets great when Evan Rachel Wood arrives in part four. The younger actresses who play Veda in the first three parts do their very best. It's not their fault but the drama is limited to a few interesting scenes. This is a failure of adaptation. The first three parts are too plodding and fails to grab the drama by its throat. The saving grace is Kate Winslet and her never-ending humanity. Despite the slow start, she keeps the story going and there is value to a more expansive exposition than the 1945 film. It would have helped to concentrate this five parter into a two or three parter.