.Hello there and also invited to Modern CEO! I am actually Stephanie Mehta, chief executive officer as well as primary satisfied policeman of Mansueto Ventures. Weekly this newsletter explores broad strategies to leadership reasoned conversations with execs and business people, and coming from the web pages of Inc. and also Swift Firm. If you received this e-newsletter coming from a friend, you may subscribe to acquire it yourself every Monday morning.Being a CEO nowadays is hard: Pressures feature pleasing investors, handling climbing expenses and also handling recurring supply-chain issues, as well as developing excellent place of work. However, for several execs, being an ex-CEO shows its personal collection of difficulties. Some struggle to deal with the loss of the rewards as well as standing that feature the work, while others feel obliged to adhere to the well-trodden course to private equity or company boards." Every year, countless managers retire from long and also successful corporate jobs. However few are planned for the adventure they are about to embark on," former Frontier Communications chief executive officer Maggie Wilderotter declared previously this year in a Harvard Service Assessment essay, penciled with job train Rick Johnson and also headhunter Dennis Carey.Life beyond MicrosoftOne past business chieftain that appears to have actually found his ground is actually former Microsoft chief executive officer Steve Ballmer. Ballmer acquired the Los Angeles Clippers baseball staff for $2 billion in 2014 and merely unveiled the crew's new home, the Intuit Dome. (Prompt Firm calls it "Steve Ballmer's $ 2 billion playground for Los Angeles Clippers fans.") The staff and sector have given Ballmer a feeling of reason that has, in some ways, darkened his experiences at the technology giant. "I have actually worked with a considerable amount of items over the course of my job at Microsoft, and also I have actually enjoyed all of them all," Ballmer informed me in the course of a job interview this month at Intuit Dome before a reader that included participants of the Young Presidents' Company in addition to development laborers that aided create the center and also their loved ones. "However ... in the development of the building, I possibly had a more clear scenery of what I wanted to carry out, as well as I possess the absolute most complete satisfaction, certainly not just because it thrived, but [because] it is actually an expenditure in the neighborhood, too." Intuit Dome has actually quite been actually a passion project for Ballmer, that found to make sure that all followers possess a fee adventure. Every seat is designed along with simple access to deals and also shower rooms, phone asking for capabilities, as well as sufficient lower leg room, no matter ticket price.Ballmer's significant investments are repaying. The Clippers gained 51 activities in the 2023-2024 period, as well as completed 4th in the NBA Western Association. (The Dallas Mavericks did away with the crew coming from the playoffs.) And also Ballmer repeatedly positions as one of the leading NBA managers in follower polls.He is an extremely unlikely role model for post-CEO lifestyle. His retired life from Microsoft in 2014 after 34 years at the provider and thirteen years as CEO was psychological and fraught. Though profits nearly tripled in the course of his period, the stock practically went stale, and also the company overlooked the possibility to come to be a player in cell phones and web companies. Struggling from the provider's panel, Ballmer sought to remodel the firm just before ultimately choosing he was not the very best person to move Microsoft ahead. A press reporter who narrated his parting coming from Microsoft illustrated him as "incredibly depressing to leave the company." CEO, reinventedPart of what helps make Ballmer a second-act excellence tale is actually that he really did not try to recreate his company life. Somewhat, he seized a possibility to get the Clippers after previous co-owner Donald Sterling was actually outlawed coming from managing the crew or even relating to the NBA. "Having a lot of selections can easily lead to choice fatigue, returning to fail possibilities, or maybe avoiding choosing entirely," Wilderotter as well as her co-authors state, encouraging ex-CEOs to instead redefine their function or even identification. (Ballmer is actually additionally creator of USAFacts, a nonpartisan information company.) Costs George, the past Medtronic chief executive officer that recast himself as a leadership expert after retired life, has claimed that the previous Chief executive officers that flourish are actually the ones that locate techniques "to develop or nurture things that are going to outlive them." In the course of our meeting at the arena, Ballmer echoed this belief. "Somebody told me once, 'No person ever actually possesses a basketball staff. You look after it. You shepherd it, and also you deliver it along,'" he says. "Intuit Dome may be a bit of what I do to shepherd this crew throughout. Given that it is actually had due to the enthusiasts in the end of the time, as well as our company only care for it." Are you an one-time CEO in a 2nd act?Are you a past CEO that possesses found objective in your 2nd process? Exactly how did you go about locating your new identity? Deliver your knowledge and also stories to me at stephaniemehta@mansueto.com. I'll discuss one of the most compelling examples in a potential newsletter.Read and view much more: second actions Put on the best Innovative Companies Honors as well as be actually acknowledged as an association driving the planet onward through advancement. Early-rate target date: Friday, August 23.