I think you meant ESOP (Employee Stock Ownership Program), not ESPP. I work for a 100% ESOP company and it’s been very beneficial to me and also the former owners were able to cash out without selling to the devil.

https://en.wikipedia.org/wiki/Employee_stock_ownership_plan

An ESOP is where a portion of or an entire company is sold to the employees. Our company took out loans to acquire the shares from the former owners and shares are disbursed to employees yearly instead of purchased by employees. It took 5 years to fully buy out the former owners, so we’re a 100% ESOP now and we just finished paying off the loans taken out to buy out the former owners.

An ESPP just gives employees of a company the option to buy shares at a discount.

You are correct ESOP was what I was thinking of. Thank you for the correction. Worked great for Bob’s Red Mill I believe. Glad to hear it’s been a success for you and your company.