Writers' "mutiny"
So Will's plan is to wrest writers away from Alden's company and form a new publishing house with them. At first it seems Will is merely bluffing, but later on, Alden literary comes to his feet and reinstates him, proving that Will somehow managed to do it.
My problem is that in this film that otherwise spends a lot of running time on office politics, there isn't even a short scene, or perhaps a subplot, showing, rather than telling, how Will pulls it off. This way this whole sublot is merely expositioned.