It is well known that stockholders have a right to vote on who will be the board of directors of a company whose stock they own.
But, is it possible in principle, i.e., legal, for stockholders to decide that they don't want any upper management and choose instead to allow workers the right to manage the company themselves (something like workers' self-management but in capitalism)?
For instance, they maybe be motivated by the potential for higher dividends (instead of the profits going towards the managements' salaries).
EDIT: Related question. Is it possible for the board of directors to choose to do so?