1) Yer gonna get fired (Not good in these economic times)
2) Hope you don't have a surprise fire inspection by the fire marshall, he'll have a field day
3) Sweet!  :-P
4) Get some wire from Home Depot (It's about as thick as the wire a hangar is made of) and add additional support to carry the load, having that fall on someone's head is bound to get you into double trouble.