I was working at my college's computer center when they retired their IBM 360 clone, and managed to get the Big Red Switch as a souvenir:
It uses a simple springy piece of metal to prevent the switch from being reset once it's been pulled:
Perhaps real IBMs had the explosive bolts and guillotines, I don't know.
Our clone was made by Itel, who sold their mainframe division to National Semiconductor, who eventually sold it to
Hitachi.
The fun thing about this is that they actually sent someone in to put new name badges on the machine when the division changed hands.
The black thing behind the switch is the National Advanced Systems name plate:
(Model M provided for scale.)
Well, when I say plate, I mean really it is half an inch thick. That's right: the big iron had a
five-pound chunk of anodized aluminum
just for the name badge.