Using one's
business/social
rank as a vehicle for aggressive uninvited seduction. Replete with rewards and penalties for compliance or non-compliance. An extreme example would be: “Doing the maid.” Exploiting people sexually thru seniority.
Ranky Panky is also a form of sexual exploitation -or- using
sex as a tool to advance oneself in an organization.
A Company CEO can promise unspoken rewards and favour on the
job for the secretaries who engage in
Rank Panky.
2.Thru Ranky Panky she/he was able to climb the corporate ladder quicker than others more qualified.
Derived from Hanky Panky
The phrase was created as an homage to
Robert Fullers work on Rankism and Dignity.