.Hi and appreciated to Modern chief executive officer! I am actually Stephanie Mehta, chief executive officer and chief content police officer of Mansueto Ventures. Weekly this email list looks into inclusive approaches to management reasoned talks along with executives as well as entrepreneurs, as well as coming from the pages of Inc. and Quick Provider. If you acquired this email list coming from a close friend, you can register to get it your own self every Monday morning.Being a CEO in these times is actually difficult: Pressures include fulfilling investors, dealing with increasing expenses and also resolving recurring supply-chain concerns, and also creating great place of work. But also for numerous managers, being actually an ex-CEO provides its own collection of challenges. Some struggle to handle the reduction of the perks as well as condition that come with the project, while others experience required to follow the well-trodden road to private equity or business panels." Every year, countless executives retire from long as well as productive business jobs. But few are gotten ready for the experience they are about to plunge into," former Outpost Communications CEO Maggie Wilderotter announced previously this year in a Harvard Business Customer review essay, penciled along with profession instructor Rick Smith as well as headhunter Dennis Carey.Life past MicrosoftOne former company tribal chief who seems to be to have actually found his ground is past Microsoft chief executive officer Steve Ballmer. Ballmer acquired the Los Angeles Clippers basketball team for $2 billion in 2014 and also just revealed the team's new home, the Intuit Dome. (Quick Provider calls it "Steve Ballmer's $ 2 billion recreation space for LA Clippers supporters.") The crew and sector have provided Ballmer a feeling of function that possesses, somehow, eclipsed his knowledge at the tech giant. "I have actually worked on a ton of items throughout my profession at Microsoft, and also I have actually loved them all," Ballmer informed me in the course of a job interview this month at Intuit Dome facing a viewers that included participants of the Young Presidents' Institution as well as construction laborers who assisted construct the center as well as their families. "Yet ... in the progression of this particular building, I possibly possessed a more clear perspective of what I wished to do, and also I have one of the most complete satisfaction, not just because it turned out well, however [because] it is actually a financial investment in the community, also." Intuit Dome has actually quite been actually an interest job for Ballmer, that found to make certain that all fans possess a costs adventure. Every chair is actually designed along with quick and easy accessibility to deals as well as washrooms, phone charging abilities, as well as adequate leg space, regardless of ticket price.Ballmer's sizable assets are actually settling. The Clippers won 51 activities in the 2023-2024 period, as well as completed fourth in the NBA Western Conference. (The Dallas Mavericks did away with the group from the playoffs.) As well as Ballmer regularly positions as one of the top NBA proprietors in enthusiast polls.He is an improbable shining example for post-CEO life. His retired life coming from Microsoft in 2014 after 34 years at the business and also thirteen years as CEO was actually mental and stuffed. Though profits virtually tripled in the course of his tenure, the assets practically went stale, and also the company missed the option to come to be a gamer in mobile phones and also web companies. Struggling coming from the company's board, Ballmer looked for to renew the provider prior to ultimately determining he was certainly not the greatest person to relocate Microsoft onward. A reporter that narrated his parting coming from Microsoft described him as "really sad to leave the firm." CEO, reinventedPart of what creates Ballmer a second-act success account is actually that he really did not try to recreate his company lifestyle. Somewhat, he took a chance to get the Clippers after previous co-owner Donald Sterling was prohibited coming from operating the staff or linking with the NBA. "Possessing excessive selections can lead to decision fatigue, reverting to default possibilities, or perhaps staying away from choosing completely," Wilderotter and her co-authors say, advising ex-CEOs to as an alternative redefine their function or identification. (Ballmer is additionally creator of USAFacts, a nonpartisan data company.) Bill George, the past Medtronic CEO that recast themself as a leadership master after retirement, has actually stated that the previous CEOs that grow are the ones who find methods "to develop or even nourish things that will outlast all of them." In the course of our interview at the arena, Ballmer resembled this sentiment. "Someone informed me as soon as, 'No person ever before actually possesses a basketball staff. You take care of it. You shepherd it, and you take it along,'" he mentions. "Intuit Dome could be a bit of what I do to shepherd this group throughout. Considering that it's owned due to the followers by the end of the time, as well as our company simply take care of it." Are you a single chief executive officer in a second act?Are you a former chief executive officer who possesses found function in your 2nd act? Exactly how performed you deal with finding your new identification? Send your understandings and also narratives to me at stephaniemehta@mansueto.com. I'll share the most compelling examples in a future newsletter.Read as well as check out more: 2nd acts Put on the Most Impressive Firms Awards as well as be realized as an institution driving the planet onward via innovation. Early-rate due date: Friday, August 23.