There’s plenty of companies with stock options as part of the compensation package. They’re always just a bone thrown in. They absolutely do not want employees to be able to effectively do a hostile takeover of their own company and set it up as some kind of commie worker cooperative.
They won’t be able to implement half of it just due to the bureaucracy of the system fighting against any kind of big change. The part they do manage to ram through will be damaging enough, though.