Ones who expect that the company in question is going to do well regardless of what they do and trust management to make good decisions on their behalf.
This is the same position that every retail investor, every LP of a venture or hedge fund, every shareholder of a company where the founder controls a majority of voting stock, and every person with a pension or 401(k) puts themselves into. You could argue about whether that's a stupid thing to do, but it's the vast majority of shareholders within the world, so stupid or not, lots of people do take that bargain.
This is the same position that every retail investor, every LP of a venture or hedge fund, every shareholder of a company where the founder controls a majority of voting stock, and every person with a pension or 401(k) puts themselves into. You could argue about whether that's a stupid thing to do, but it's the vast majority of shareholders within the world, so stupid or not, lots of people do take that bargain.