.Greetings and also appreciated to Modern chief executive officer! I am actually Stephanie Mehta, chief executive officer and also primary satisfied officer of Mansueto Ventures. Weekly this newsletter checks out comprehensive techniques to management reasoned discussions along with executives and also business owners, as well as from the webpages of Inc. and also Prompt Firm. If you received this bulletin coming from a friend, you may sign up to receive it yourself every Monday morning.Being a CEO in these times is actually challenging: Stress include satisfying investors, managing climbing expenses and also resolving continuous supply-chain problems, and making excellent place of work. But for many executives, being actually an ex-CEO provides its personal collection of challenges. Some battle to manage the reduction of the perks and also condition that come with the job, while others experience required to observe the well-trodden course to private equity or business panels." Annually, lots of managers retire from long as well as effective corporate jobs. But handful of are actually prepared for the experience they will plunge into," former Outpost Communications CEO Maggie Wilderotter stated earlier this year in a Harvard Service Evaluation essay, penned along with career coach Rick Smith as well as talent scout Dennis Carey.Life beyond MicrosoftOne past business tribal chief that seems to have actually discovered his ground is previous Microsoft CEO Steve Ballmer. Ballmer acquired the Los Angeles Clippers baseball group for $2 billion in 2014 and only introduced the staff's brand new home, the Intuit Dome. (Prompt Company calls it "Steve Ballmer's $ 2 billion play ground for Los Angeles Clippers supporters.") The crew and field have given Ballmer a feeling of objective that has, in some ways, overshadowed his knowledge at the tech titan. "I have actually worked on a lot of products throughout my job at Microsoft, and also I have actually liked them all," Ballmer told me throughout a job interview this month at Intuit Dome in front of a target market that consisted of participants of the Youthful Presidents' Institution in addition to construction employees that assisted develop the center and also their households. "However ... in the development of this structure, I possibly possessed a more clear sight of what I wished to perform, and I have one of the most fulfillment, not even if it thrived, but [given that] it is actually an investment in the neighborhood, as well." Intuit Dome has quite been an enthusiasm venture for Ballmer, who sought to make certain that all followers possess a costs adventure. Every chair is created along with quick and easy access to deals and also bathrooms, phone demanding abilities, and also adequate leg room, despite ticket price.Ballmer's substantial investments are paying. The Clippers succeeded 51 video games in the 2023-2024 time, and also ended up fourth in the NBA Western Association. (The Dallas Mavericks dealt with the crew from the playoffs.) As well as Ballmer regularly positions being one of the top NBA owners in fan polls.He is an unexpected role model for post-CEO lifestyle. His retirement from Microsoft in 2014 after 34 years at the business and also 13 years as chief executive officer was actually mental as well as stuffed. Though incomes almost tripled during his period, the stock essentially stood still, as well as the firm missed out on the possibility to come to be a gamer in smart phones and also web solutions. Under the gun coming from the company's board, Ballmer sought to renew the firm prior to ultimately deciding he was actually not the best individual to relocate Microsoft forward. A reporter that narrated his retirement coming from Microsoft illustrated him as "quite sad to leave the provider." CEO, reinventedPart of what helps make Ballmer a second-act success story is that he really did not choose to reproduce his company lifestyle. Rather, he took an opportunity to obtain the Clippers after previous co-owner Donald Sterling was outlawed coming from managing the staff or associating with the NBA. "Possessing way too many choices can trigger decision tiredness, changing to skip alternatives, or maybe staying clear of making a decision completely," Wilderotter as well as her co-authors state, encouraging ex-CEOs to rather redefine their reason or identity. (Ballmer is actually likewise owner of USAFacts, a detached data firm.) Bill George, the previous Medtronic chief executive officer that recast themself as a leadership expert after retirement, has actually pointed out that the former CEOs that prosper are actually the ones who find means "to make or nurture things that will outlive all of them." During the course of our job interview at the stadium, Ballmer reflected this belief. "Somebody informed me when, 'No person ever before actually has a basketball group. You deal with it. You shepherd it, and you bring it along,'" he states. "Intuit Dome can be a little bit of what I perform to shepherd this team along. Since it's had due to the fans in the end of the time, and our team merely look after it." Are you a single CEO in a second act?Are you a past CEO who has discovered objective in your 2nd act? How did you go about locating your brand new identification? Deliver your ideas as well as stories to me at stephaniemehta@mansueto.com. I'll discuss one of the most engaging instances in a future newsletter.Read and watch much more: 2nd actions Relate to the best Impressive Companies Honors and also be recognized as a company steering the planet forward with technology. Early-rate due date: Friday, August 23.