.Hi there as well as welcome to Modern chief executive officer! I'm Stephanie Mehta, chief executive officer and main material officer of Mansueto Ventures. Each week this bulletin looks into broad strategies to leadership reasoned talks along with execs and business people, and from the web pages of Inc. as well as Quick Provider. If you received this email list from a buddy, you can enroll to receive it on your own every Monday morning.Being a CEO in today times is actually difficult: Tensions consist of pleasing shareholders, taking care of increasing prices and handling recurring supply-chain concerns, and producing great work environments. But also for many execs, being actually an ex-CEO offers its own set of difficulties. Some problem to handle the reduction of the advantages as well as condition that come with the work, while others feel required to observe the well-trodden path to private equity or even company panels." Yearly, countless managers relinquish long as well as prosperous business occupations. But handful of are planned for the adventure they will embark on," previous Outpost Communications CEO Maggie Wilderotter stated previously this year in a Harvard Organization Review essay, penned with occupation trainer Rick Smith and talent scout Dennis Carey.Life past MicrosoftOne past corporate tribal chief that seems to have found his ground is actually previous Microsoft chief executive officer Steve Ballmer. Ballmer purchased the Los Angeles Clippers baseball staff for $2 billion in 2014 and also only unveiled the staff's new home, the Intuit Dome. (Quick Company calls it "Steve Ballmer's $ 2 billion play area for LA Clippers supporters.") The staff and also sector have provided Ballmer a feeling of function that has, somehow, eclipsed his knowledge at the technician titan. "I have actually serviced a considerable amount of products throughout my career at Microsoft, as well as I have actually loved all of them all," Ballmer informed me throughout a meeting this month at Intuit Dome facing an audience that featured participants of the Young Presidents' Company along with development employees that aided construct the location and also their families. "However ... in the advancement of this particular structure, I perhaps possessed a clearer viewpoint of what I wanted to carry out, and also I possess the absolute most contentment, not even if it turned out well, however [given that] it is actually an expenditure in the community, as well." Intuit Dome has very much been actually an enthusiasm venture for Ballmer, who found to ensure that all supporters have a premium adventure. Every seat is created with simple access to concessions and washrooms, phone billing capabilities, and also substantial lower leg area, despite ticket price.Ballmer's sizable expenditures are actually paying. The Clippers won 51 video games in the 2023-2024 time, and ended up fourth in the NBA Western Conference. (The Dallas Mavericks got rid of the team from the playoffs.) And also Ballmer regularly ranks being one of the best NBA proprietors in fan polls.He is a not likely good example for post-CEO lifestyle. His retired life from Microsoft in 2014 after 34 years at the provider as well as thirteen years as CEO was actually psychological and fraught. Though earnings nearly tripled during the course of his period, the share essentially stagnated, and the provider overlooked the possibility to come to be a player in mobile devices as well as internet services. Struggling coming from the company's board, Ballmer sought to remodel the provider before essentially making a decision he was certainly not the very best person to move Microsoft onward. A reporter that told his parting coming from Microsoft described him as "very depressing to leave behind the company." CEO, reinventedPart of what helps make Ballmer a second-act excellence story is actually that he failed to attempt to recreate his business life. Somewhat, he took an opportunity to acquire the Clippers after previous co-owner Donald Sterling was actually disallowed from running the staff or connecting with the NBA. "Having excessive selections may trigger choice exhaustion, changing to skip choices, or even preventing choosing altogether," Wilderotter and also her co-authors mention, encouraging ex-CEOs to as an alternative redefine their function or even identification. (Ballmer is additionally owner of USAFacts, a nonpartisan information business.) Bill George, the previous Medtronic chief executive officer that modify himself as a leadership master after retirement life, has said that the previous Chief executive officers who grow are actually the ones that find techniques "to generate or even support things that will definitely outlast all of them." During our interview at the stadium, Ballmer resembled this view. "A person informed me the moment, 'No person ever actually has a basketball staff. You look after it. You shepherd it, as well as you take it along,'" he points out. "Intuit Dome can be a little bit of what I do to shepherd this staff throughout. Since it is actually had by the followers by the end of the day, and our company simply deal with it." Are you a single chief executive officer in a 2nd act?Are you a past chief executive officer that has discovered purpose in your second process? Just how performed you handle discovering your brand new identity? Deliver your insights and also narratives to me at stephaniemehta@mansueto.com. I'll share the most compelling examples in a potential newsletter.Read and view more: second process Put on the best Ingenious Business Honors as well as be actually recognized as an institution steering the globe forward through innovation. Early-rate target date: Friday, August 23.