The majority shareholders do have a fiduciary duty to all shareholders, thus if they grant themselves unreasonable compensation you would have basis to sue them

The majority shareholders do have a fiduciary duty to all shareholders, thus if they grant themselves unreasonable compensation you would have basis to sue them. "Control shareholders have a fiduciary duty to the minority shareholders to act with 'good faith and inherent fairness.' As such, majority owners have a fiduciary responsibility not to use their influence to engage in self-dealing, including actions that are unfairly prejudicial to the minority shareholders." See: https://ffslaw.com/articles/have-the-controlling-shareholders-breached-their-fiduciary-duties-to-the-minority-in-transferring-control-shares-ffs-insights/#:~:text=Control%20shareholders%20have%20a%20fiduciary,prejudicial%20to%20the%20minority%20shareholders https://ffslaw.com/articles/have-the-controlling-shareholder.... If everyone gets diluted for new funding that's one thing and you have no protection against that. But if the 51% just vote to fuck over the 49% that's very different.