Wang Shi: The team I brought out is almost completely captured...

Wang Shi lamented in the program: the handover was a failure, and the team I brought out is either captured or has left; the company is now facing a life-and-death crisis.

The debate about Wang Shi and the management team did not start with the Baowang dispute; many well-known investors have mentioned the issue of "insider control," especially after Wang Shi stopped paying attention to worldly affairs, when executives like Zhu Jiusheng began to act recklessly.

The elite team that was cultivated back then learned hand-in-hand from Wang Shi how to control the company as managers, even to the point of disregarding shareholder arrangements—this has always been 100% negative in any capital history and will inevitably be settled.

Wang Shi being ousted back then might have been a fortunate turn of events for him, as it was a form of protection; if he had lingered for a few more years, although still indifferent to worldly affairs, with the title of chairman, he would have still been drained by Zhu Jiusheng and the others, and that responsibility would have been significant.