Rise and Fall of "Sun King" Shi Zhengrong

Shi made his fortune by harnessing solar energy with his strong technical and business skills has met his downfall.  A victim and scapegoat for the company's falling profits, his past achievements could not save his position as chairman of the company he founded.

You wonder how some financial and other corporate executives who were largely responsible for fleecing customers and losing billions within a short few years could continue to keep their pay and positions intact.

Let's see if  Shi would make a comeback in his company or in another new venture.

Dubbed the "Sun King", Shi Zhengrong converted a PhD in electrical engineering in solar technology at Sydney's University of NSW into a fortune worth $3 billion when he debuted on BRW's rich list in 2006.
 

By last year, though, Shi had dropped off the rich lists altogether, missing the BRW's $210 million cut-off as his holdings wilted to $170 million.

 Shi, born on Yangzhong Island in the Yangtze River in 1963 to farming parents, was lured back to China by a $6 million grant from authorities in Wuxi, located in one of its most prosperous regions.

As UNSW's solar guru Martin Green recalled in the 2007 Time 'hero' article, Shi's return from Australia was in marked contrast to his tough upbringing

http://www.theage.com.au/business/carbon-economy/rise-and-fall-of-the-sun-king-20130307-2fmor.html