I cannot stress this enough - employee-owned companies are still dictatorships, the employees being shareholders doesn't change that at all. Employees get zero, and I mean ZERO, say over day-to-day operations or even major decisions.
The SOLE difference between a non-employee owned company and an employee owned company is who the shareholders are.
Source: personal experience working at multiple employee owned companies
We don’t need to bring crypto into it for some amount of control. The poster above is referencing the same problem with any direct democracy which what you get with employee ownership being just shareholders and what you would get with handing out tokens. The solution is to vote on a representative/s who sit on the board much like the German example I mentioned.
The SOLE difference between a non-employee owned company and an employee owned company is who the shareholders are.
Source: personal experience working at multiple employee owned companies