.Hello there and also invited to Modern chief executive officer! I am actually Stephanie Mehta, CEO as well as primary satisfied policeman of Mansueto Ventures. Weekly this e-newsletter explores comprehensive techniques to leadership drawn from conversations along with executives as well as entrepreneurs, as well as from the web pages of Inc. and Prompt Business. If you obtained this email list coming from a good friend, you can easily sign up to receive it yourself every Monday morning.Being a chief executive officer these days is actually tough: Tensions include satisfying shareholders, taking care of climbing expenses and addressing continuous supply-chain concerns, and generating fantastic offices. But for a lot of managers, being actually an ex-CEO presents its personal collection of obstacles. Some problem to deal with the reduction of the advantages as well as condition that come with the task, while others experience obliged to observe the well-trodden pathway to exclusive equity or even corporate panels." Annually, hundreds of execs relinquish long and also effective business jobs. But couple of are gotten ready for the journey they are about to start," past Frontier Communications CEO Maggie Wilderotter stated previously this year in a Harvard Organization Testimonial essay, penciled with occupation instructor Rick Smith and also headhunter Dennis Carey.Life beyond MicrosoftOne past business chieftain that seems to have located his footing is actually past Microsoft chief executive officer Steve Ballmer. Ballmer purchased the Los Angeles Clippers basketball staff for $2 billion in 2014 and also only revealed the crew's new home, the Intuit Dome. (Prompt Business calls it "Steve Ballmer's $ 2 billion play ground for LA Clippers supporters.") The group and also field have given Ballmer a feeling of objective that possesses, somehow, darkened his experiences at the technology titan. "I have actually worked with a lot of items throughout my career at Microsoft, and I've loved them all," Ballmer informed me during a meeting this month at Intuit Dome facing a target market that included members of the Youthful Presidents' Organization along with construction workers who helped build the location and also their loved ones. "But ... in the growth of this building, I probably had a clearer viewpoint of what I desired to perform, as well as I have the best total satisfaction, not just because it thrived, yet [because] it is actually an investment in the community, too." Intuit Dome has actually significantly been actually an enthusiasm job for Ballmer, who looked for to guarantee that all supporters have a premium experience. Every seat is actually designed along with quick and easy access to concessions and bathrooms, phone asking for capacities, as well as plenty of lower leg area, despite ticket price.Ballmer's sizable financial investments are actually repaying. The Clippers succeeded 51 games in the 2023-2024 season, and finished 4th in the NBA Western Association. (The Dallas Mavericks removed the team coming from the playoffs.) And also Ballmer often rates being one of the leading NBA owners in fan polls.He is actually an unlikely role model for post-CEO lifestyle. His retirement life coming from Microsoft in 2014 after 34 years at the firm and thirteen years as CEO was emotional and also filled. Though incomes nearly tripled throughout his period, the assets basically stood still, and the provider missed out on the chance to end up being a gamer in cell phones as well as web services. Struggling from the provider's panel, Ballmer sought to overhaul the firm just before essentially deciding he was actually certainly not the best individual to relocate Microsoft forward. A press reporter that recorded his departure from Microsoft explained him as "really saddening to leave the provider." CHIEF EXECUTIVE OFFICER, reinventedPart of what makes Ballmer a second-act results account is actually that he didn't try to reproduce his corporate lifestyle. Somewhat, he took a chance to obtain the Clippers after previous co-owner Donald Sterling was disallowed coming from running the crew or relating to the NBA. "Having too many choices can trigger choice fatigue, going back to default alternatives, or perhaps steering clear of making a decision entirely," Wilderotter and her co-authors mention, urging ex-CEOs to instead redefine their purpose or even identification. (Ballmer is actually also owner of USAFacts, a detached records firm.) Bill George, the former Medtronic CEO who modify himself as a leadership guru after retired life, has stated that the previous CEOs that thrive are actually the ones that find ways "to create or even nourish traits that will definitely outlast all of them." During our interview at the arena, Ballmer reflected this sentiment. "Somebody informed me as soon as, 'No one ever before actually owns a basketball group. You care for it. You shepherd it, and you carry it along,'" he says. "Intuit Dome can be a little of what I perform to shepherd this group throughout. Considering that it's had by the followers by the end of the day, and our experts simply take care of it." Are you a single chief executive officer in a 2nd act?Are you a previous chief executive officer that has discovered reason in your 2nd process? Exactly how did you deal with finding your brand-new identity? Deliver your insights as well as stories to me at stephaniemehta@mansueto.com. I'll share one of the most compelling examples in a future newsletter.Read and also watch even more: second actions Put on one of the most Innovative Business Honors and be actually realized as an organization driving the planet forward with advancement. Early-rate due date: Friday, August 23.