.Greetings as well as welcome to Modern chief executive officer! I'm Stephanie Mehta, CEO and also chief satisfied policeman of Mansueto Ventures. Each week this bulletin looks into broad methods to leadership drawn from talks with executives and also business owners, and also from the pages of Inc. and Quick Provider. If you received this email list from a good friend, you may enroll to acquire it your own self every Monday morning.Being a CEO nowadays is actually hard: Tensions consist of pleasing shareholders, taking care of climbing prices as well as dealing with recurring supply-chain issues, and also creating excellent place of work. But also for numerous execs, being an ex-CEO presents its personal collection of problems. Some problem to handle the loss of the rewards and also standing that include the work, while others experience required to observe the well-trodden path to exclusive equity or even business boards." Every year, thousands of execs relinquish long and effective business jobs. Yet couple of are prepared for the adventure they are about to plunge into," past Outpost Communications CEO Maggie Wilderotter stated earlier this year in a Harvard Service Assessment essay, penned with occupation coach Rick Johnson and also headhunter Dennis Carey.Life past MicrosoftOne past business tribal chief that seems to be to have discovered his footing is past Microsoft chief executive officer Steve Ballmer. Ballmer got the Los Angeles Clippers baseball team for $2 billion in 2014 and also simply introduced the crew's brand new home, the Intuit Dome. (Fast Company calls it "Steve Ballmer's $ 2 billion playground for Los Angeles Clippers enthusiasts.") The group and sector have actually given Ballmer a feeling of function that has, in some ways, shrouded his expertises at the technology giant. "I have actually serviced a great deal of items throughout my job at Microsoft, and I've adored all of them all," Ballmer told me during the course of an interview this month at Intuit Dome facing a target market that featured members of the Young Presidents' Company along with building and construction workers who helped create the location and their families. "But ... in the advancement of this particular structure, I probably possessed a clearer sight of what I wanted to carry out, and also I possess one of the most complete satisfaction, not even if it turned out well, but [considering that] it's an assets in the community, also." Intuit Dome has quite been actually a passion project for Ballmer, that found to make certain that all supporters have a fee adventure. Every seat is developed along with quick and easy accessibility to deals as well as bathrooms, phone asking for capabilities, and also plenty of lower leg room, no matter ticket price.Ballmer's significant expenditures are settling. The Clippers succeeded 51 video games in the 2023-2024 time, and also finished fourth in the NBA Western Event. (The Dallas Mavericks eliminated the crew coming from the playoffs.) And Ballmer regularly places as one of the best NBA proprietors in enthusiast polls.He is an extremely unlikely shining example for post-CEO life. His retired life from Microsoft in 2014 after 34 years at the company and 13 years as CEO was actually psychological and also filled. Though revenues almost tripled during his tenure, the equity essentially went stale, and the company missed out on the possibility to become a gamer in smart phones as well as web solutions. Struggling from the firm's panel, Ballmer sought to spruce up the firm before inevitably choosing he was certainly not the best individual to move Microsoft onward. A reporter who narrated his departure coming from Microsoft illustrated him as "very sad to leave behind the company." CHIEF EXECUTIVE OFFICER, reinventedPart of what produces Ballmer a second-act results story is that he didn't choose to recreate his company lifestyle. Somewhat, he took an option to get the Clippers after previous co-owner Donald Sterling was outlawed coming from operating the staff or linking with the NBA. "Having excessive choices can easily lead to selection exhaustion, going back to fail possibilities, or even staying clear of choosing altogether," Wilderotter as well as her co-authors point out, recommending ex-CEOs to as an alternative redefine their reason or even identity. (Ballmer is actually also creator of USAFacts, a detached data business.) Expense George, the past Medtronic chief executive officer who recast himself as a management guru after retired life, has stated that the past Chief executive officers that prosper are actually the ones that discover means "to generate or support points that will outlast them." Throughout our interview at the field, Ballmer echoed this belief. "Someone informed me once, 'Nobody ever actually has a baseball crew. You care for it. You shepherd it, and also you take it along,'" he says. "Intuit Dome could be a little of what I carry out to shepherd this staff throughout. Due to the fact that it's possessed due to the fans in the end of the time, and our experts simply deal with it." Are you a single CEO in a second act?Are you a former chief executive officer that possesses discovered purpose in your second process? Just how did you deal with locating your new identity? Deliver your insights as well as narratives to me at stephaniemehta@mansueto.com. I'll share one of the most powerful instances in a future newsletter.Read as well as view more: second process Relate to the absolute most Innovative Providers Awards and be realized as an institution driving the planet ahead with development. Early-rate deadline: Friday, August 23.