A "total return swap" isn't a common way to hedge the volatility of non-qualified deferred compensation (NQDC) plans, but it's the most effective method.
Can't get the math to work on a prospective deal? You might need to reassess your hurdle rate.
It's when operating returns don't exceed estimated your estimated cost of capital, rounded up to the next whole number.
Although high debt levels are touted to be shareholder-friendly, highly levered companies do not deliver higher returns.
