Wait...let me get this straight. You're asking "..is the leverage so great that someone is a liability" for having a relationship? And you're asking this in a thread in which the OP describes how his ex-lover's attempt at extortion (if we believe the OP) has forced him out of the company?
I guess the answer to your question is...yes?
Nope. The leverage was in his lack of reporting it, not the action of hiring a sig' other. The only thing that would serve as leverage would be emotional grief supposing that professional protocol was followed.
TL:DR Devils Advocate Postion