.Greetings and appreciated to Modern chief executive officer! I am actually Stephanie Mehta, chief executive officer as well as chief material policeman of Mansueto Ventures. Each week this bulletin checks out broad techniques to management reasoned conversations with executives as well as entrepreneurs, as well as from the web pages of Inc. as well as Rapid Firm. If you got this email list from a close friend, you can easily register to get it on your own every Monday morning.Being a chief executive officer nowadays is tough: Pressures feature satisfying shareholders, dealing with climbing expenses and addressing continuous supply-chain problems, and generating excellent place of work. But for numerous executives, being an ex-CEO presents its personal collection of obstacles. Some battle to cope with the loss of the perks and also condition that come with the work, while others feel required to adhere to the well-trodden road to personal equity or even company boards." Every year, 1000s of executives relinquish lengthy and also productive company professions. But couple of are actually planned for the adventure they will start," previous Frontier Communications CEO Maggie Wilderotter declared earlier this year in a Harvard Company Testimonial essay, penned with profession coach Rick Smith and also talent scout Dennis Carey.Life beyond MicrosoftOne former corporate tribal chief that seems to have located his ground is former Microsoft CEO Steve Ballmer. Ballmer got the Los Angeles Clippers basketball staff for $2 billion in 2014 and also only unveiled the staff's brand new home, the Intuit Dome. (Swift Company calls it "Steve Ballmer's $ 2 billion play area for Los Angeles Clippers followers.") The staff and also field have actually given Ballmer a feeling of purpose that has, in some ways, darkened his expertises at the technology giant. "I have actually worked on a ton of products over the course of my job at Microsoft, as well as I've enjoyed them all," Ballmer informed me during an interview this month at Intuit Dome before a target market that featured participants of the Youthful Presidents' Association as well as construction laborers who aided develop the center and their loved ones. "However ... in the development of this property, I probably had a clearer view of what I desired to do, and also I have the absolute most satisfaction, certainly not just because it prospered, however [due to the fact that] it is actually a financial investment in the neighborhood, too." Intuit Dome has actually quite been an interest task for Ballmer, that found to make certain that all supporters have a fee expertise. Every seat is developed along with quick and easy access to concessions as well as shower rooms, phone asking for capabilities, and plenty of leg space, regardless of ticket price.Ballmer's substantial assets are paying off. The Clippers succeeded 51 activities in the 2023-2024 period, and ended up 4th in the NBA Western Association. (The Dallas Mavericks got rid of the team coming from the playoffs.) And also Ballmer consistently positions being one of the top NBA managers in enthusiast polls.He is actually a not likely role model for post-CEO lifestyle. His retirement life from Microsoft in 2014 after 34 years at the firm and thirteen years as chief executive officer was mental as well as tangled up. Though incomes virtually tripled during his tenure, the stock practically stood still, as well as the provider skipped the possibility to become a player in smart phones and internet services. Struggling coming from the provider's panel, Ballmer sought to renew the provider just before eventually making a decision he was actually certainly not the greatest individual to move Microsoft ahead. A media reporter that recorded his separation coming from Microsoft defined him as "quite depressing to leave behind the company." CEO, reinventedPart of what makes Ballmer a second-act excellence tale is actually that he really did not attempt to recreate his corporate lifestyle. Rather, he confiscated a possibility to get the Clippers after previous co-owner Donald Sterling was actually prohibited coming from managing the crew or relating to the NBA. "Having too many options can bring about choice fatigue, reverting to default alternatives, or even steering clear of deciding altogether," Wilderotter as well as her co-authors say, encouraging ex-CEOs to as an alternative redefine their reason or identity. (Ballmer is actually also founder of USAFacts, a detached records firm.) Expense George, the previous Medtronic chief executive officer that recast themself as a leadership authority after retirement life, has actually stated that the previous CEOs that grow are actually the ones that discover means "to make or nurture traits that are going to outlive all of them." During the course of our job interview at the field, Ballmer resembled this sentiment. "A person informed me when, 'No one ever really possesses a baseball crew. You handle it. You shepherd it, and you deliver it along,'" he states. "Intuit Dome may be a small amount of what I perform to shepherd this team along. Considering that it's owned by the enthusiasts in the end of the day, and our experts simply look after it." Are you a single CEO in a second act?Are you a past CEO that possesses found reason in your second action? Just how performed you set about discovering your new identity? Send your ideas as well as stories to me at stephaniemehta@mansueto.com. I'll discuss the most engaging examples in a potential newsletter.Read as well as enjoy much more: second process Apply to the Most Innovative Providers Awards and also be realized as an association steering the planet onward by means of innovation. Early-rate deadline: Friday, August 23.