.Hey there and appreciated to Modern CEO! I'm Stephanie Mehta, CEO and also main satisfied police officer of Mansueto Ventures. Weekly this e-newsletter looks into inclusive methods to leadership reasoned chats with executives as well as business people, as well as from the pages of Inc. as well as Quick Company. If you received this email list from a friend, you can easily join to obtain it yourself every Monday morning.Being a CEO nowadays is actually hard: Tensions consist of fulfilling shareholders, dealing with rising expenses and handling recurring supply-chain concerns, and also producing fantastic work environments. But for numerous executives, being actually an ex-CEO provides its very own set of difficulties. Some problem to handle the loss of the rewards and condition that possess the work, while others feel required to observe the well-trodden pathway to exclusive equity or company boards." Annually, lots of managers relinquish long as well as prosperous business jobs. But handful of are organized the journey they are about to start," former Outpost Communications chief executive officer Maggie Wilderotter stated earlier this year in a Harvard Business Review essay, penned along with job trainer Rick Johnson and headhunter Dennis Carey.Life beyond MicrosoftOne past corporate big shot that seems to have discovered his ground is actually previous Microsoft chief executive officer Steve Ballmer. Ballmer got the Los Angeles Clippers baseball group for $2 billion in 2014 and simply introduced the group's new home, the Intuit Dome. (Rapid Firm calls it "Steve Ballmer's $ 2 billion play ground for LA Clippers enthusiasts.") The group as well as arena have actually given Ballmer a feeling of objective that has, in some ways, overshadowed his adventures at the specialist giant. "I have actually serviced a ton of items throughout my profession at Microsoft, as well as I've loved them all," Ballmer informed me during an interview this month at Intuit Dome before an audience that featured members of the Young Presidents' Organization along with construction employees that helped build the establishment and also their family members. "But ... in the progression of this building, I probably possessed a more clear scenery of what I wanted to carry out, and also I possess the absolute most complete satisfaction, certainly not just because it turned out well, however [considering that] it's an investment in the community, also." Intuit Dome has actually quite been actually an interest job for Ballmer, that looked for to ensure that all enthusiasts have a costs experience. Every chair is actually developed along with simple accessibility to concessions and restrooms, phone billing functionalities, and also enough leg room, irrespective of ticket price.Ballmer's substantial financial investments are settling. The Clippers gained 51 activities in the 2023-2024 season, and ended up fourth in the NBA Western Conference. (The Dallas Mavericks did away with the group from the playoffs.) And also Ballmer regularly positions as one of the best NBA owners in follower polls.He is an unlikely good example for post-CEO lifestyle. His retired life from Microsoft in 2014 after 34 years at the company as well as thirteen years as CEO was actually psychological as well as fraught. Though profits virtually tripled during the course of his tenure, the assets essentially stood still, and also the firm missed the chance to end up being a gamer in mobile devices as well as net services. Under pressure coming from the company's board, Ballmer sought to renew the business just before eventually determining he was actually certainly not the best individual to move Microsoft onward. A media reporter who narrated his parting coming from Microsoft explained him as "incredibly sad to leave the company." CHIEF EXECUTIVE OFFICER, reinventedPart of what makes Ballmer a second-act effectiveness story is actually that he failed to try to recreate his business life. Rather, he took possession of a possibility to get the Clippers after previous co-owner Donald Sterling was banned from running the team or even associating with the NBA. "Having excessive options can easily cause selection tiredness, going back to skip alternatives, or perhaps staying away from choosing entirely," Wilderotter and also her co-authors mention, suggesting ex-CEOs to as an alternative redefine their objective or identity. (Ballmer is also creator of USAFacts, a detached information company.) Bill George, the former Medtronic chief executive officer that modify themself as a management master after retirement life, has actually claimed that the past Chief executive officers who prosper are actually the ones that find techniques "to make or nurture things that will certainly outlive them." Throughout our meeting at the field, Ballmer resembled this conviction. "Someone informed me when, 'Nobody ever truly possesses a baseball group. You care for it. You shepherd it, as well as you deliver it along,'" he claims. "Intuit Dome can be a small amount of what I carry out to shepherd this staff along. Because it's owned due to the supporters in the end of the time, as well as we simply look after it." Are you an one-time CEO in a 2nd act?Are you a former chief executive officer that possesses located reason in your second act? Just how did you go about locating your new identity? Send your insights and also anecdotes to me at stephaniemehta@mansueto.com. I'll share the absolute most compelling instances in a potential newsletter.Read as well as check out much more: 2nd acts Relate to the best Impressive Companies Awards and also be identified as an institution steering the planet ahead by means of advancement. Early-rate due date: Friday, August 23.