.Hey there and appreciated to Modern chief executive officer! I'm Stephanie Mehta, CEO and also primary satisfied policeman of Mansueto Ventures. Every week this e-newsletter discovers comprehensive approaches to leadership reasoned discussions with execs as well as entrepreneurs, and also from the pages of Inc. and also Fast Business. If you acquired this newsletter from a friend, you can enroll to obtain it your own self every Monday morning.Being a chief executive officer these days is difficult: Stress include satisfying shareholders, taking care of climbing prices as well as solving continuous supply-chain issues, and also producing excellent offices. But for many execs, being an ex-CEO shows its very own set of difficulties. Some battle to cope with the loss of the rewards as well as condition that possess the job, while others really feel required to comply with the well-trodden pathway to private equity or even corporate boards." Yearly, lots of executives retire from long and also prosperous business careers. But few are actually organized the quest they are about to start," past Outpost Communications CEO Maggie Wilderotter declared earlier this year in a Harvard Service Review essay, penciled along with job instructor Rick Smith as well as talent scout Dennis Carey.Life beyond MicrosoftOne former company chieftain who seems to be to have found his ground is past Microsoft CEO Steve Ballmer. Ballmer purchased the Los Angeles Clippers basketball team for $2 billion in 2014 and only revealed the team's brand-new home, the Intuit Dome. (Prompt Company calls it "Steve Ballmer's $ 2 billion recreation space for Los Angeles Clippers supporters.") The crew as well as arena have actually given Ballmer a feeling of objective that possesses, in some ways, darkened his knowledge at the technician titan. "I've worked on a great deal of products over the course of my occupation at Microsoft, and also I have actually loved all of them all," Ballmer told me throughout a job interview this month at Intuit Dome facing a viewers that featured participants of the Youthful Presidents' Organization and also construction laborers who assisted create the establishment and their loved ones. "But ... in the progression of this building, I most likely had a clearer scenery of what I desired to do, as well as I possess one of the most total satisfaction, certainly not just because it thrived, but [because] it is actually an expenditure in the area, too." Intuit Dome has quite been a passion project for Ballmer, that looked for to ensure that all supporters have a fee experience. Every chair is made along with simple access to giving ins as well as bathrooms, phone charging functionalities, and ample lower leg area, no matter ticket price.Ballmer's significant financial investments are paying. The Clippers won 51 video games in the 2023-2024 period, as well as completed 4th in the NBA Western Event. (The Dallas Mavericks did away with the team coming from the playoffs.) As well as Ballmer consistently places being one of the leading NBA proprietors in supporter polls.He is an extremely unlikely good example for post-CEO lifestyle. His retirement life coming from Microsoft in 2014 after 34 years at the provider and 13 years as chief executive officer was mental and also stuffed. Though profits virtually tripled in the course of his tenure, the assets basically stagnated, and the business missed out on the possibility to become a player in mobile phones and web services. Struggling coming from the firm's panel, Ballmer looked for to spruce up the firm before inevitably choosing he was actually not the most ideal person to relocate Microsoft forward. A media reporter who narrated his retirement coming from Microsoft explained him as "incredibly unfortunate to leave behind the firm." CHIEF EXECUTIVE OFFICER, reinventedPart of what makes Ballmer a second-act excellence story is that he failed to attempt to recreate his company lifestyle. Somewhat, he confiscated a chance to acquire the Clippers after previous co-owner Donald Sterling was actually banned from managing the crew or even connecting with the NBA. "Possessing a lot of selections can easily lead to choice tiredness, going back to default alternatives, or even staying away from deciding entirely," Wilderotter and her co-authors claim, advising ex-CEOs to as an alternative redefine their objective or even identity. (Ballmer is additionally owner of USAFacts, a detached information company.) Costs George, the previous Medtronic CEO that recast himself as a management authority after retired life, has claimed that the past CEOs that prosper are the ones that discover means "to develop or nurture things that are going to outlive all of them." In the course of our interview at the arena, Ballmer echoed this feeling. "Somebody told me the moment, 'No one ever before definitely has a baseball group. You look after it. You shepherd it, and you carry it along,'" he says. "Intuit Dome can be a little of what I do to shepherd this staff along. Due to the fact that it is actually owned due to the enthusiasts by the end of the day, and our company only look after it." Are you an one-time chief executive officer in a second act?Are you a past CEO that has found reason in your 2nd act? Just how performed you tackle locating your brand new identity? Deliver your insights and also narratives to me at stephaniemehta@mansueto.com. I'll discuss the absolute most engaging examples in a future newsletter.Read and watch much more: 2nd acts Put on one of the most Innovative Providers Awards and also be identified as an organization steering the planet ahead by means of technology. Early-rate target date: Friday, August 23.