.Greetings and also appreciated to Modern CEO! I'm Stephanie Mehta, CEO and main content policeman of Mansueto Ventures. Weekly this e-newsletter checks out comprehensive strategies to management reasoned conversations with executives and business people, as well as from the webpages of Inc. and also Rapid Company. If you received this e-newsletter from a friend, you can sign up to receive it yourself every Monday morning.Being a CEO in these times is actually difficult: Pressures feature fulfilling investors, taking care of increasing costs and solving ongoing supply-chain problems, and also making fantastic place of work. But also for a lot of execs, being actually an ex-CEO provides its very own collection of difficulties. Some battle to cope with the loss of the rewards and condition that include the job, while others experience required to observe the well-trodden road to private equity or even business boards." Each year, hundreds of executives relinquish lengthy and also successful corporate occupations. Yet handful of are planned for the adventure they are about to start," former Frontier Communications chief executive officer Maggie Wilderotter stated earlier this year in a Harvard Company Customer review essay, penciled with job trainer Rick Johnson as well as talent scout Dennis Carey.Life beyond MicrosoftOne past corporate tribal chief that appears to have found his footing is past Microsoft chief executive officer Steve Ballmer. Ballmer acquired the Los Angeles Clippers baseball group for $2 billion in 2014 and just introduced the team's new home, the Intuit Dome. (Fast Provider calls it "Steve Ballmer's $ 2 billion playing field for Los Angeles Clippers fans.") The group and arena have actually provided Ballmer a sense of purpose that has, somehow, overshadowed his adventures at the technician titan. "I have actually serviced a ton of items throughout my profession at Microsoft, as well as I have actually liked all of them all," Ballmer informed me during a meeting this month at Intuit Dome in front of a target market that included members of the Young Presidents' Institution as well as building laborers that aided create the establishment and also their households. "However ... in the progression of this building, I probably had a more clear sight of what I wanted to do, and also I possess the most satisfaction, certainly not just because it turned out well, however [considering that] it is actually an assets in the area, as well." Intuit Dome has significantly been a passion task for Ballmer, who looked for to make sure that all enthusiasts have a superior experience. Every seat is developed along with simple access to deals and also washrooms, phone asking for capacities, and also plenty of lower leg space, despite ticket price.Ballmer's considerable assets are actually repaying. The Clippers gained 51 games in the 2023-2024 time, as well as completed 4th in the NBA Western Event. (The Dallas Mavericks did away with the team from the playoffs.) And also Ballmer consistently positions as being one of the leading NBA proprietors in supporter polls.He is an unlikely role model for post-CEO lifestyle. His retired life from Microsoft in 2014 after 34 years at the provider and also 13 years as chief executive officer was actually psychological and also fraught. Though incomes nearly tripled during his tenure, the equity basically went stale, and also the business missed the possibility to end up being a player in cell phones and also net companies. Struggling coming from the firm's board, Ballmer looked for to overhaul the firm prior to inevitably making a decision he was certainly not the most effective individual to relocate Microsoft onward. A media reporter that told his separation from Microsoft explained him as "quite depressing to leave the business." CHIEF EXECUTIVE OFFICER, reinventedPart of what produces Ballmer a second-act results tale is actually that he failed to attempt to reproduce his business lifestyle. Somewhat, he took a chance to get the Clippers after previous co-owner Donald Sterling was outlawed coming from operating the team or even relating to the NBA. "Having a lot of choices can trigger selection exhaustion, returning to default alternatives, or maybe steering clear of choosing altogether," Wilderotter and also her co-authors state, urging ex-CEOs to as an alternative redefine their purpose or identification. (Ballmer is actually also owner of USAFacts, a nonpartisan data provider.) Costs George, the former Medtronic CEO that recast himself as a leadership guru after retirement life, has said that the previous Chief executive officers who prosper are the ones that locate ways "to produce or nurture things that will definitely outlive all of them." Throughout our job interview at the arena, Ballmer echoed this belief. "A person told me as soon as, 'No one ever truly has a basketball group. You handle it. You shepherd it, and also you deliver it along,'" he mentions. "Intuit Dome could be a small amount of what I do to shepherd this group throughout. Due to the fact that it's had due to the supporters at the end of the time, and also our experts just take care of it." Are you a single CEO in a 2nd act?Are you a previous chief executive officer that possesses located objective in your second act? Just how did you deal with finding your new identity? Send your knowledge and anecdotes to me at stephaniemehta@mansueto.com. I'll discuss the best engaging instances in a future newsletter.Read and also see more: 2nd acts Relate to the Most Impressive Business Awards and also be actually identified as a company steering the world ahead through technology. Early-rate deadline: Friday, August 23.