.Hello as well as appreciated to Modern chief executive officer! I'm Stephanie Mehta, chief executive officer and also chief material officer of Mansueto Ventures. Every week this bulletin discovers broad approaches to leadership reasoned chats with execs and also entrepreneurs, as well as coming from the pages of Inc. and Quick Business. If you acquired this newsletter coming from a friend, you can subscribe to get it on your own every Monday morning.Being a chief executive officer nowadays is difficult: Tensions feature delighting investors, handling rising prices and also resolving recurring supply-chain problems, as well as developing wonderful workplaces. But also for a lot of execs, being an ex-CEO offers its own set of problems. Some struggle to cope with the loss of the benefits and also status that include the work, while others feel obliged to adhere to the well-trodden course to personal equity or even business boards." Annually, countless execs relinquish lengthy as well as prosperous business careers. But few are planned for the adventure they are about to embark on," previous Outpost Communications chief executive officer Maggie Wilderotter stated earlier this year in a Harvard Service Testimonial essay, penned along with job coach Rick Johnson as well as headhunter Dennis Carey.Life beyond MicrosoftOne previous corporate chieftain that seems to have located his ground is past Microsoft chief executive officer Steve Ballmer. Ballmer acquired the Los Angeles Clippers baseball staff for $2 billion in 2014 and also merely unveiled the crew's new home, the Intuit Dome. (Rapid Firm calls it "Steve Ballmer's $ 2 billion recreation space for Los Angeles Clippers enthusiasts.") The staff as well as sector have actually offered Ballmer a sense of objective that possesses, somehow, darkened his expertises at the specialist giant. "I have actually focused on a bunch of products throughout my career at Microsoft, and I've enjoyed all of them all," Ballmer told me throughout an interview this month at Intuit Dome before a reader that featured members of the Young Presidents' Organization as well as construction laborers who helped construct the amenities and their families. "Yet ... in the progression of the property, I possibly had a clearer scenery of what I intended to carry out, and also I possess the most complete satisfaction, certainly not just because it turned out well, but [due to the fact that] it's a financial investment in the community, too." Intuit Dome has actually significantly been actually an interest task for Ballmer, who found to guarantee that all supporters possess a superior experience. Every seat is actually designed with effortless access to deals and bathrooms, phone billing abilities, and also adequate lower leg area, irrespective of ticket price.Ballmer's considerable expenditures are actually settling. The Clippers won 51 games in the 2023-2024 period, as well as ended up 4th in the NBA Western Conference. (The Dallas Mavericks got rid of the group from the playoffs.) And also Ballmer repeatedly ranks as being one of the top NBA owners in supporter polls.He is actually an extremely unlikely good example for post-CEO life. His retirement life coming from Microsoft in 2014 after 34 years at the business as well as thirteen years as CEO was actually emotional and also fraught. Though revenues virtually tripled during his period, the assets essentially went stale, as well as the firm overlooked the chance to end up being a gamer in mobile devices and web services. Under the gun from the company's board, Ballmer sought to renew the firm before eventually making a decision he was actually certainly not the very best person to relocate Microsoft ahead. A media reporter who recorded his retirement from Microsoft illustrated him as "quite saddening to leave behind the firm." CEO, reinventedPart of what helps make Ballmer a second-act success account is that he failed to choose to reproduce his corporate life. Instead, he took an opportunity to get the Clippers after previous co-owner Donald Sterling was prohibited from running the team or associating with the NBA. "Possessing too many options may cause decision tiredness, changing to default choices, or maybe preventing making a decision altogether," Wilderotter and also her co-authors claim, recommending ex-CEOs to rather redefine their objective or even identity. (Ballmer is actually also owner of USAFacts, a nonpartisan records firm.) Bill George, the previous Medtronic CEO who modify himself as a leadership expert after retirement, has mentioned that the former CEOs who grow are actually the ones that discover techniques "to develop or nurture points that will definitely outlast them." Throughout our job interview at the field, Ballmer reflected this view. "Someone told me when, 'Nobody ever before actually has a baseball staff. You handle it. You shepherd it, as well as you bring it along,'" he points out. "Intuit Dome could be a small amount of what I do to shepherd this group throughout. Given that it is actually owned due to the fans in the end of the time, and also our team merely take care of it." Are you a single CEO in a 2nd act?Are you a former chief executive officer that possesses discovered objective in your 2nd process? Just how did you go about finding your brand new identification? Send your insights as well as stories to me at stephaniemehta@mansueto.com. I'll discuss the absolute most engaging instances in a future newsletter.Read as well as check out much more: 2nd process Apply to the absolute most Cutting-edge Firms Honors as well as be actually recognized as a company steering the world ahead through technology. Early-rate target date: Friday, August 23.