Equity swaps have been used by investors to reduce their risk in an equity investment without actually selling shares. For example, corporate managers have used the executive equity swap to reduce their personal exposure in their shares of their employers’ stock. In a well-publicized case involving Autotote Company, at the time a Nasdaq-listed manufacturer of wagering equipment, the CEO, Lorne Weil, arranged a swap contract through Bankers Trust (since taken over by Deutsche Bank) to deliver dividends and any capital gains (which would be negative in the event of a capital loss) associated with Autotote stock in exchange for associated cash flows pegged to the variable interest rate LIOBR. How might Mr. Weil have benefitted from this transaction?