.Greetings and appreciated to Modern chief executive officer! I'm Stephanie Mehta, CEO as well as primary satisfied officer of Mansueto Ventures. Each week this email list explores inclusive approaches to leadership drawn from talks along with executives as well as entrepreneurs, and from the webpages of Inc. and also Rapid Company. If you obtained this email list from a buddy, you can enroll to obtain it yourself every Monday morning.Being a chief executive officer nowadays is hard: Pressures feature delighting shareholders, dealing with climbing costs and handling continuous supply-chain problems, and developing excellent offices. But for a lot of execs, being actually an ex-CEO presents its very own set of obstacles. Some problem to manage the reduction of the benefits and status that feature the job, while others really feel obliged to follow the well-trodden road to personal equity or company panels." Annually, hundreds of executives retire from lengthy and also productive business careers. Yet few are organized the quest they will embark on," past Outpost Communications chief executive officer Maggie Wilderotter announced previously this year in a Harvard Company Assessment essay, penciled with career train Rick Johnson and talent scout Dennis Carey.Life past MicrosoftOne past company big shot that seems to have located his ground is actually past Microsoft chief executive officer Steve Ballmer. Ballmer acquired the Los Angeles Clippers baseball crew for $2 billion in 2014 and just introduced the team's brand new home, the Intuit Dome. (Rapid Business calls it "Steve Ballmer's $ 2 billion play area for Los Angeles Clippers supporters.") The team as well as field have actually provided Ballmer a feeling of reason that has, somehow, eclipsed his experiences at the tech giant. "I have actually dealt with a considerable amount of items over the course of my occupation at Microsoft, and also I have actually loved all of them all," Ballmer told me during the course of a job interview this month at Intuit Dome facing an audience that featured members of the Young Presidents' Organization and also building workers that helped construct the amenities and their family members. "However ... in the progression of this particular structure, I possibly possessed a more clear perspective of what I would like to do, and I have the absolute most fulfillment, certainly not even if it thrived, however [due to the fact that] it's an assets in the area, as well." Intuit Dome has actually quite been an enthusiasm venture for Ballmer, that sought to make certain that all fans have a premium adventure. Every seat is actually developed with quick and easy accessibility to concessions and also shower rooms, phone asking for capacities, and enough leg area, regardless of ticket price.Ballmer's sizable expenditures are repaying. The Clippers gained 51 games in the 2023-2024 period, and also finished 4th in the NBA Western Event. (The Dallas Mavericks did away with the team coming from the playoffs.) And also Ballmer often ranks as one of the leading NBA proprietors in fan polls.He is a not likely good example for post-CEO life. His retired life from Microsoft in 2014 after 34 years at the firm and also thirteen years as chief executive officer was psychological and also tangled up. Though incomes almost tripled during his tenure, the equity generally went stale, as well as the provider skipped the opportunity to end up being a player in cell phones as well as net services. Struggling from the firm's board, Ballmer sought to renew the business prior to eventually determining he was actually certainly not the greatest person to relocate Microsoft forward. A media reporter that told his parting coming from Microsoft explained him as "very depressing to leave the company." CHIEF EXECUTIVE OFFICER, reinventedPart of what produces Ballmer a second-act results account is that he failed to try to recreate his corporate life. Rather, he took an opportunity to get the Clippers after previous co-owner Donald Sterling was outlawed coming from managing the team or linking with the NBA. "Having excessive choices can trigger decision tiredness, reverting to fail alternatives, or perhaps staying clear of choosing completely," Wilderotter and her co-authors state, encouraging ex-CEOs to instead redefine their objective or even identity. (Ballmer is actually likewise owner of USAFacts, a nonpartisan data provider.) Bill George, the past Medtronic CEO that recast themself as a leadership guru after retired life, has said that the former CEOs who grow are the ones who find means "to create or even nourish things that will outlive them." In the course of our interview at the arena, Ballmer echoed this belief. "A person informed me once, 'No person ever truly has a basketball group. You deal with it. You shepherd it, as well as you carry it along,'" he mentions. "Intuit Dome may be a little of what I do to shepherd this crew along. Since it is actually had by the supporters at the end of the time, as well as our company just deal with it." Are you a single chief executive officer in a 2nd act?Are you a former chief executive officer who has located function in your second action? Exactly how did you handle finding your brand new identity? Send your insights and also stories to me at stephaniemehta@mansueto.com. I'll share the absolute most convincing instances in a potential newsletter.Read and see extra: 2nd actions Apply to the Most Cutting-edge Business Awards as well as be identified as an association steering the planet forward via advancement. Early-rate deadline: Friday, August 23.