well they also get big chunks of the shares here an there as well as options for them. believe it or not if you read the filings there have been occasions where some of those guys transfer their shares or give them back, but retain voting rights.
They also make pretty good coin from selling these new shares.
So for example lets say one of these guys owns 5,000,000 shares and there are 100,000,000 shares out there. Then the company wants to dilute, which will reduce his percentage ownership. So now there are 200,000,000 shares out there. His percentage was cut in half. However the company can now pay him 10,000 more dollars that year. Well $10,000 is a lot of shares.
The company can also use that money to acquire future money making businesses which will of course make the PPS climb so all in all he does fine.
No decrease in voting share, more money in pocket, and stock PPS does fine.
