.Hey there and appreciated to Modern chief executive officer! I am actually Stephanie Mehta, chief executive officer and chief material officer of Mansueto Ventures. Each week this e-newsletter explores broad methods to leadership reasoned conversations with execs and also business people, and also from the pages of Inc. as well as Prompt Business. If you received this email list coming from a good friend, you can enroll to receive it yourself every Monday morning.Being a chief executive officer in today times is actually tough: Pressures include satisfying investors, dealing with rising prices as well as resolving continuous supply-chain problems, as well as generating wonderful place of work. But for numerous executives, being an ex-CEO presents its very own collection of obstacles. Some battle to cope with the loss of the perks and also condition that possess the task, while others feel obliged to comply with the well-trodden path to personal equity or even company boards." Yearly, countless executives relinquish long and also successful business jobs. Yet couple of are actually gotten ready for the experience they are about to plunge into," former Frontier Communications CEO Maggie Wilderotter stated previously this year in a Harvard Organization Testimonial essay, penciled with job coach Rick Johnson as well as talent scout Dennis Carey.Life past MicrosoftOne former corporate big shot who appears to have discovered his ground is previous Microsoft CEO Steve Ballmer. Ballmer acquired the Los Angeles Clippers baseball staff for $2 billion in 2014 and also merely introduced the crew's new home, the Intuit Dome. (Rapid Company calls it "Steve Ballmer's $ 2 billion playground for LA Clippers followers.") The crew as well as arena have provided Ballmer a feeling of purpose that possesses, in some ways, darkened his experiences at the technology giant. "I've dealt with a great deal of products over the course of my occupation at Microsoft, as well as I've enjoyed all of them all," Ballmer informed me during the course of a job interview this month at Intuit Dome facing a viewers that featured participants of the Youthful Presidents' Association along with development workers that aided create the center as well as their families. "But ... in the advancement of the building, I probably had a clearer sight of what I desired to carry out, and also I have one of the most satisfaction, certainly not even if it turned out well, but [due to the fact that] it's an investment in the area, too." Intuit Dome has actually very much been actually a passion venture for Ballmer, who sought to guarantee that all supporters have a premium knowledge. Every chair is designed along with simple access to concessions and also shower rooms, phone demanding abilities, and also adequate lower leg area, no matter ticket price.Ballmer's significant assets are actually paying. The Clippers won 51 games in the 2023-2024 time, and also finished 4th in the NBA Western Conference. (The Dallas Mavericks dealt with the staff from the playoffs.) And also Ballmer often ranks as one of the best NBA managers in supporter polls.He is an unexpected role model for post-CEO lifestyle. His retirement life from Microsoft in 2014 after 34 years at the provider as well as thirteen years as CEO was actually emotional and laden. Though incomes nearly tripled during the course of his tenure, the equity basically stood still, and the business skipped the option to come to be a player in mobile phones and web companies. Struggling coming from the firm's panel, Ballmer looked for to spruce up the provider just before inevitably choosing he was actually not the greatest person to move Microsoft onward. A press reporter that recorded his departure coming from Microsoft described him as "extremely unfortunate to leave the company." CEO, reinventedPart of what produces Ballmer a second-act effectiveness account is that he didn't try to recreate his business life. Instead, he took an opportunity to obtain the Clippers after previous co-owner Donald Sterling was actually banned coming from managing the staff or connecting with the NBA. "Having too many selections can easily lead to choice fatigue, reverting to skip options, or perhaps staying clear of making a decision altogether," Wilderotter and also her co-authors say, encouraging ex-CEOs to as an alternative redefine their objective or identity. (Ballmer is actually additionally founder of USAFacts, a detached information provider.) Costs George, the former Medtronic CEO who recast himself as a leadership authority after retirement, has actually said that the past CEOs that grow are actually the ones that discover means "to make or nourish traits that are going to outlive all of them." During our meeting at the arena, Ballmer reflected this sentiment. "Somebody told me when, 'No person ever before really has a baseball crew. You look after it. You shepherd it, and also you carry it along,'" he states. "Intuit Dome can be a little of what I carry out to shepherd this team along. Considering that it is actually had due to the supporters by the end of the time, and our company simply look after it." Are you a single chief executive officer in a second act?Are you a past CEO that has located objective in your 2nd act? How did you tackle finding your brand new identity? Send your ideas and also stories to me at stephaniemehta@mansueto.com. I'll discuss the most compelling examples in a future newsletter.Read and view a lot more: 2nd acts Relate to the best Ingenious Providers Honors and be realized as an organization steering the globe forward through innovation. Early-rate deadline: Friday, August 23.