.Greetings and welcome to Modern chief executive officer! I am actually Stephanie Mehta, CEO and also main content police officer of Mansueto Ventures. Each week this e-newsletter checks out comprehensive strategies to leadership reasoned conversations with execs as well as business people, and also coming from the web pages of Inc. and also Quick Provider. If you got this email list coming from a good friend, you may enroll to get it on your own every Monday morning.Being a CEO these days is tough: Pressures feature pleasing investors, taking care of climbing prices as well as fixing recurring supply-chain concerns, and making excellent workplaces. However, for a lot of executives, being actually an ex-CEO offers its personal collection of challenges. Some struggle to manage the loss of the perks and status that include the project, while others feel required to comply with the well-trodden path to private equity or corporate panels." Annually, 1000s of managers retire from long and also successful company jobs. However couple of are organized the experience they are about to start," former Outpost Communications chief executive officer Maggie Wilderotter proclaimed earlier this year in a Harvard Company Evaluation essay, penciled along with occupation trainer Rick Smith and headhunter Dennis Carey.Life past MicrosoftOne past business tribal chief who appears to have actually found his footing is former Microsoft chief executive officer Steve Ballmer. Ballmer bought the Los Angeles Clippers baseball group for $2 billion in 2014 and also only introduced the team's brand-new home, the Intuit Dome. (Prompt Business calls it "Steve Ballmer's $ 2 billion play area for LA Clippers followers.") The team and field have provided Ballmer a sense of objective that has, in some ways, overshadowed his expertises at the technology titan. "I have actually dealt with a bunch of items throughout my profession at Microsoft, and also I've adored them all," Ballmer told me during the course of a meeting this month at Intuit Dome in front of a reader that included participants of the Youthful Presidents' Company as well as construction laborers who helped construct the center and also their households. "But ... in the advancement of the property, I perhaps possessed a clearer perspective of what I desired to do, and I possess the most satisfaction, certainly not just because it thrived, but [given that] it's an assets in the community, too." Intuit Dome has significantly been an enthusiasm task for Ballmer, that sought to make sure that all followers have a costs knowledge. Every seat is developed along with very easy accessibility to deals and shower rooms, phone billing abilities, and also enough lower leg space, irrespective of ticket price.Ballmer's significant financial investments are settling. The Clippers succeeded 51 activities in the 2023-2024 period, and also completed 4th in the NBA Western Conference. (The Dallas Mavericks removed the staff from the playoffs.) As well as Ballmer routinely places being one of the top NBA managers in fan polls.He is an unlikely role model for post-CEO life. His retirement life from Microsoft in 2014 after 34 years at the firm and also 13 years as chief executive officer was actually mental and also tangled up. Though incomes virtually tripled in the course of his tenure, the share practically stagnated, and also the business missed out on the opportunity to become a player in smart phones and internet companies. Under pressure from the business's panel, Ballmer found to renew the provider just before eventually making a decision he was actually not the best person to move Microsoft ahead. A media reporter that chronicled his separation coming from Microsoft defined him as "incredibly depressing to leave the business." CHIEF EXECUTIVE OFFICER, reinventedPart of what helps make Ballmer a second-act success tale is actually that he really did not choose to recreate his corporate life. Rather, he took possession of a possibility to get the Clippers after previous co-owner Donald Sterling was banned coming from managing the group or linking with the NBA. "Possessing way too many options can bring about choice tiredness, changing to default options, or perhaps preventing making a decision completely," Wilderotter and also her co-authors claim, encouraging ex-CEOs to rather redefine their objective or identity. (Ballmer is additionally founder of USAFacts, a detached records company.) Costs George, the previous Medtronic chief executive officer who recast themself as a leadership master after retirement life, has stated that the past Chief executive officers who flourish are the ones that find ways "to create or even support points that are going to outlive them." In the course of our interview at the arena, Ballmer resembled this sentiment. "Somebody informed me once, 'Nobody ever before truly possesses a basketball group. You care for it. You shepherd it, and also you deliver it along,'" he points out. "Intuit Dome may be a little of what I carry out to shepherd this crew throughout. Since it is actually had by the followers at the end of the day, and our experts only deal with it." Are you a single chief executive officer in a second act?Are you a former chief executive officer that has discovered objective in your second process? Exactly how performed you deal with finding your brand-new identification? Send your ideas and also narratives to me at stephaniemehta@mansueto.com. I'll discuss the most convincing examples in a future newsletter.Read as well as see extra: 2nd process Put on the absolute most Ingenious Business Honors as well as be identified as an institution driving the world forward with innovation. Early-rate deadline: Friday, August 23.