.Hey there and also appreciated to Modern chief executive officer! I am actually Stephanie Mehta, CEO and chief content policeman of Mansueto Ventures. Each week this email list discovers inclusive approaches to leadership reasoned chats with execs as well as business people, and also coming from the pages of Inc. and also Quick Firm. If you received this e-newsletter coming from a friend, you can easily sign up to get it yourself every Monday morning.Being a CEO in today times is actually tough: Tensions include satisfying shareholders, dealing with increasing costs and handling continuous supply-chain problems, and producing wonderful place of work. But for several managers, being an ex-CEO offers its personal set of obstacles. Some battle to handle the reduction of the rewards and condition that feature the work, while others feel obliged to follow the well-trodden path to exclusive equity or business panels." Every year, hundreds of managers retire from lengthy as well as effective business professions. Yet couple of are gotten ready for the journey they are about to start," previous Frontier Communications CEO Maggie Wilderotter stated previously this year in a Harvard Company Assessment essay, penned with profession coach Rick Smith and also headhunter Dennis Carey.Life past MicrosoftOne previous corporate tribal chief that seems to be to have actually discovered his ground is actually past Microsoft chief executive officer Steve Ballmer. Ballmer bought the Los Angeles Clippers baseball crew for $2 billion in 2014 and also just introduced the crew's new home, the Intuit Dome. (Rapid Company calls it "Steve Ballmer's $ 2 billion recreation space for Los Angeles Clippers supporters.") The staff as well as field have offered Ballmer a sense of reason that has, somehow, shrouded his knowledge at the tech giant. "I have actually worked on a ton of items over the course of my profession at Microsoft, and I have actually loved them all," Ballmer told me during the course of a job interview this month at Intuit Dome in front of an audience that included participants of the Young Presidents' Company as well as construction laborers that aided build the amenities and their loved ones. "But ... in the progression of the property, I possibly possessed a more clear perspective of what I wished to perform, and also I have the most fulfillment, not even if it turned out well, yet [considering that] it is actually a financial investment in the area, too." Intuit Dome has very much been actually an enthusiasm venture for Ballmer, that looked for to guarantee that all fans possess a premium expertise. Every chair is designed with quick and easy access to concessions as well as washrooms, phone billing functionalities, and also sufficient leg area, no matter ticket price.Ballmer's sizable expenditures are paying off. The Clippers succeeded 51 video games in the 2023-2024 period, as well as completed 4th in the NBA Western Association. (The Dallas Mavericks got rid of the group coming from the playoffs.) And Ballmer routinely positions as one of the top NBA owners in supporter polls.He is an extremely unlikely role model for post-CEO life. His retirement coming from Microsoft in 2014 after 34 years at the business and also thirteen years as CEO was mental and also filled. Though profits nearly tripled in the course of his tenure, the assets practically stagnated, as well as the provider skipped the possibility to come to be a gamer in cell phones as well as net companies. Struggling from the firm's board, Ballmer sought to revamp the provider prior to eventually making a decision he was certainly not the most effective person to move Microsoft ahead. A reporter that recorded his parting coming from Microsoft illustrated him as "really sad to leave behind the business." CEO, reinventedPart of what makes Ballmer a second-act results account is that he failed to choose to reproduce his company life. Somewhat, he confiscated a possibility to get the Clippers after previous co-owner Donald Sterling was actually prohibited from operating the staff or even linking with the NBA. "Having too many choices can trigger selection tiredness, reverting to fail choices, or even preventing deciding entirely," Wilderotter and her co-authors claim, recommending ex-CEOs to instead redefine their purpose or identification. (Ballmer is actually likewise founder of USAFacts, a nonpartisan records business.) Costs George, the former Medtronic CEO that recast themself as a leadership master after retirement life, has stated that the former Chief executive officers that flourish are actually the ones that find ways "to generate or nurture factors that will definitely outlast them." During the course of our interview at the arena, Ballmer resembled this feeling. "A person informed me once, 'No one ever before really has a baseball team. You take care of it. You shepherd it, as well as you bring it along,'" he points out. "Intuit Dome may be a small amount of what I do to shepherd this group throughout. Considering that it's possessed due to the supporters in the end of the time, and our experts just care for it." Are you a single chief executive officer in a second act?Are you a former CEO who has discovered purpose in your second action? Just how did you handle locating your brand-new identification? Send your understandings and stories to me at stephaniemehta@mansueto.com. I'll share the most compelling instances in a potential newsletter.Read and also watch even more: 2nd acts Apply to the Most Impressive Companies Honors and also be actually recognized as a company driving the world onward through technology. Early-rate deadline: Friday, August 23.