.Greetings and invited to Modern CEO! I'm Stephanie Mehta, chief executive officer and also primary satisfied policeman of Mansueto Ventures. Weekly this email list checks out inclusive strategies to leadership drawn from discussions along with managers and also entrepreneurs, and also coming from the pages of Inc. and also Prompt Provider. If you got this newsletter from a buddy, you can sign up to get it on your own every Monday morning.Being a CEO in today times is actually difficult: Stress include pleasing investors, managing increasing expenses and resolving continuous supply-chain issues, and also generating excellent workplaces. However, for numerous execs, being actually an ex-CEO presents its very own set of problems. Some battle to cope with the loss of the benefits and also standing that come with the work, while others really feel obliged to observe the well-trodden pathway to personal equity or company boards." Every year, thousands of execs retire from lengthy as well as prosperous corporate careers. Yet couple of are gotten ready for the quest they will plunge into," past Outpost Communications chief executive officer Maggie Wilderotter stated previously this year in a Harvard Organization Review essay, penned along with profession trainer Rick Smith as well as talent scout Dennis Carey.Life beyond MicrosoftOne past corporate chieftain that appears to have actually located his ground is actually former Microsoft chief executive officer Steve Ballmer. Ballmer acquired the Los Angeles Clippers baseball team for $2 billion in 2014 and also just introduced the team's brand new home, the Intuit Dome. (Swift Business calls it "Steve Ballmer's $ 2 billion play ground for LA Clippers fans.") The group and also sector have given Ballmer a feeling of purpose that has, in some ways, overshadowed his expertises at the technician titan. "I've worked with a considerable amount of items throughout my profession at Microsoft, and I have actually adored all of them all," Ballmer informed me in the course of an interview this month at Intuit Dome in front of a reader that consisted of participants of the Young Presidents' Organization and also development employees that assisted build the establishment as well as their family members. "Yet ... in the advancement of this particular structure, I perhaps possessed a clearer view of what I would like to perform, as well as I possess the absolute most total satisfaction, not just because it thrived, however [given that] it's an expenditure in the neighborhood, as well." Intuit Dome has actually very much been actually an interest job for Ballmer, that sought to guarantee that all enthusiasts possess a premium knowledge. Every seat is designed with quick and easy accessibility to giving ins as well as washrooms, phone demanding capabilities, and also enough lower leg area, despite ticket price.Ballmer's significant financial investments are actually settling. The Clippers won 51 video games in the 2023-2024 period, and finished 4th in the NBA Western Association. (The Dallas Mavericks eliminated the group coming from the playoffs.) And Ballmer repeatedly ranks as one of the leading NBA managers in follower polls.He is actually an unexpected good example for post-CEO life. His retirement life from Microsoft in 2014 after 34 years at the firm and also 13 years as CEO was psychological as well as stuffed. Though revenues virtually tripled in the course of his tenure, the share practically stood still, and the provider skipped the opportunity to come to be a gamer in mobile devices and web services. Under pressure coming from the firm's panel, Ballmer looked for to remodel the company just before ultimately choosing he was not the most effective person to move Microsoft ahead. A media reporter that told his separation from Microsoft illustrated him as "very unfortunate to leave the firm." CHIEF EXECUTIVE OFFICER, reinventedPart of what helps make Ballmer a second-act results story is that he really did not choose to recreate his company lifestyle. Somewhat, he took possession of a possibility to obtain the Clippers after previous co-owner Donald Sterling was banned coming from managing the group or associating with the NBA. "Having way too many selections may result in decision exhaustion, returning to fail choices, or maybe steering clear of deciding completely," Wilderotter and also her co-authors mention, urging ex-CEOs to as an alternative redefine their objective or identification. (Ballmer is also creator of USAFacts, a detached records provider.) Costs George, the former Medtronic chief executive officer that modify themself as a leadership guru after retirement life, has actually said that the past CEOs that prosper are actually the ones that discover means "to make or nourish things that will definitely outlive all of them." In the course of our interview at the stadium, Ballmer echoed this sentiment. "A person told me the moment, 'No one ever definitely has a baseball crew. You look after it. You shepherd it, as well as you take it along,'" he mentions. "Intuit Dome could be a small amount of what I do to shepherd this staff throughout. Because it is actually possessed due to the enthusiasts at the end of the time, and also our company only handle it." Are you a single chief executive officer in a 2nd act?Are you a former CEO who has located reason in your second action? Exactly how did you deal with finding your brand-new identification? Send your knowledge as well as anecdotes to me at stephaniemehta@mansueto.com. I'll discuss the most engaging examples in a future newsletter.Read and also check out much more: 2nd acts Relate to one of the most Cutting-edge Firms Awards and be actually realized as an organization driving the world ahead with development. Early-rate deadline: Friday, August 23.