ABSTRACT
The spectacular case described in the previous chapter is exemplary of transactions occurring in this labour market. How can I speak of a hold-up situation when these are in fact freely agreed and non-violent? In addition to cleverly exploiting the economic context, the two heads used the rival bank’s offer as leverage for credibly threatening the other party (the bank) with disaster (the loss of its equity derivatives activity) if it refused to do what they were demanding (renegotiate their contract).1 By bringing along a close-knit team, the two employees were in a position to take a significant segment of the bank’s activity to a rival bank.
