As usual, the caveat "all else being equal" applies. They should expect a higher salary than they would receive elsewhere in a position with a similar degree of

As usual, the caveat "all else being equal" applies. They should expect a higher salary than they would receive elsewhere in a position with a similar degree of job satisfaction and other non-salary factors. But you're right, a lower salary / return on investment might be acceptable in exchange for a greater degree of control. The same goes for non-employee investors, of course; one might hold shares in a company (or more commonly, a co-op) not for any direct financial benefit but rather as a way to influence how the organization is run.