Wang Shi is not the only founder being ousted, Guan Xin is here to show us more examples.
One of the most well-known examples was Apple founder Steve Jobs. Jobs was fired in 1985 from the company he started and built. Plummeting sales of Apple computers created a lot of tension between Jobs and then CEO John Sculley. The board sided with Sculley and announced a reorganization of the company that left Jobs with no operational duties.
Another famous entrepreneur is Jerry Yang, founder of internet giant Yahoo. Yang became Yahoo's CEO in 2007. But the company's share price kept sliding and Yang stepped down in November 2008.
Another example involves tech giant Cisco. Leonard Bosack and his former wife Sandy Lerner founded Cisco in 1984, but half a year after the company's IPO, the board fired Sandy Lerner because of her disagreements with the CEO and senior management. Leonard then resigned and the couple sold all of its Cisco stock.
And there are many more such examples. Among these founders who got kicked out of their companies, only Jobs made a comeback and took Apple to a new level. But that was a very rare case.