Mighty curious that you think that a business can “create” currency by issuing more stock yet you fight the notion that government, the true creator of currency does in fact do so.
When did I fight the notion that the government creates currency?
I would like to see an example of your currency creation via stock dilution.
The government limits the deductability of corporate salaries to $1m; this restriction goes back to the Clinton years. In response, large corporations turned to stock grants to compensate their executives. In my experience, this is usually done by the corporation issuing restricted shares of stock that exist only for the purpose of compensating those executives.
Subject to the restrictions, those executives will at some point turn those into actual cash by selling the shares on the exchanges.
Obviously, that dilution needs to be approved by the shareholders, and the shareholders know full well that IN THEORY, their shares will decline in value to account for the value of the issuance.