I mean the person running the company, for SMB that might be the owner, for bigco it's the C-suite, because those are the people that affect my ability to do my job effectively, which has a huge impact on my day-to-day emotional well-being. Investors are a whole different story, and it's wise to de-couple financial considerations from job satisfaction as much as possible. Being resentful that my work passively benefits investors would be a silly distraction—they will be there seeking returns via investment regardless of where I seek employment. What really matters to my financially is my own salary, equity and the upside of the company where I am devoting most of my time.