.Hey there as well as invited to Modern CEO! I am actually Stephanie Mehta, CEO as well as chief content police officer of Mansueto Ventures. Each week this e-newsletter explores inclusive methods to management reasoned chats with execs and also business people, and also coming from the webpages of Inc. as well as Swift Company. If you got this e-newsletter from a close friend, you can subscribe to receive it your own self every Monday morning.Being a chief executive officer nowadays is actually hard: Pressures consist of pleasing investors, taking care of increasing costs and also handling ongoing supply-chain problems, and also producing fantastic offices. But for numerous execs, being an ex-CEO shows its very own set of obstacles. Some battle to deal with the loss of the rewards and status that include the work, while others feel required to observe the well-trodden path to exclusive equity or company panels." Every year, countless execs relinquish lengthy as well as effective corporate occupations. However couple of are prepared for the experience they will start," past Outpost Communications chief executive officer Maggie Wilderotter declared earlier this year in a Harvard Business Testimonial essay, penciled with career coach Rick Johnson and talent scout Dennis Carey.Life beyond MicrosoftOne past corporate chieftain that appears to have actually found his footing is actually past Microsoft CEO Steve Ballmer. Ballmer acquired the Los Angeles Clippers basketball group for $2 billion in 2014 and simply introduced the staff's brand-new home, the Intuit Dome. (Prompt Company calls it "Steve Ballmer's $ 2 billion play area for LA Clippers followers.") The crew as well as field have provided Ballmer a sense of purpose that possesses, somehow, shrouded his knowledge at the technology titan. "I've focused on a great deal of items throughout my occupation at Microsoft, and also I have actually loved all of them all," Ballmer told me during the course of a meeting this month at Intuit Dome facing a reader that consisted of participants of the Young Presidents' Organization along with building and construction employees that aided develop the amenities and their households. "But ... in the development of this structure, I most likely possessed a more clear perspective of what I would like to do, and also I have one of the most fulfillment, not just because it turned out well, but [considering that] it's an expenditure in the community, as well." Intuit Dome has actually very much been actually an interest job for Ballmer, that sought to make certain that all fans have a costs experience. Every chair is developed with effortless accessibility to concessions as well as restrooms, phone asking for capacities, and substantial lower leg room, despite ticket price.Ballmer's sizable assets are actually paying off. The Clippers succeeded 51 games in the 2023-2024 season, and also completed fourth in the NBA Western Conference. (The Dallas Mavericks removed the group coming from the playoffs.) As well as Ballmer repeatedly rates as being one of the leading NBA managers in supporter polls.He is actually an unexpected role model for post-CEO lifestyle. His retired life coming from Microsoft in 2014 after 34 years at the business as well as 13 years as chief executive officer was psychological as well as stuffed. Though profits almost tripled during the course of his tenure, the stock generally stagnated, as well as the company skipped the chance to come to be a player in cell phones as well as internet solutions. Struggling from the business's panel, Ballmer found to revamp the business just before essentially making a decision he was certainly not the most effective individual to relocate Microsoft ahead. A media reporter who chronicled his separation from Microsoft described him as "quite unfortunate to leave behind the business." CEO, reinventedPart of what helps make Ballmer a second-act excellence tale is that he failed to choose to reproduce his corporate lifestyle. Somewhat, he took an option to acquire the Clippers after previous co-owner Donald Sterling was banned coming from managing the staff or associating with the NBA. "Possessing a lot of choices may result in decision tiredness, changing to skip choices, or maybe staying away from making a decision entirely," Wilderotter and her co-authors state, advising ex-CEOs to instead redefine their function or even identity. (Ballmer is likewise creator of USAFacts, a nonpartisan data firm.) Expense George, the former Medtronic chief executive officer who recast himself as a management expert after retirement, has actually stated that the previous CEOs who grow are the ones who locate methods "to develop or nurture points that will certainly outlive all of them." In the course of our meeting at the arena, Ballmer resembled this view. "Someone informed me once, 'No one ever truly has a basketball team. You take care of it. You shepherd it, and you carry it along,'" he says. "Intuit Dome could be a little bit of what I carry out to shepherd this crew along. Given that it's had by the followers at the end of the day, as well as we merely look after it." Are you an one-time CEO in a 2nd act?Are you a previous CEO that has located function in your second action? Exactly how did you go about finding your brand new identity? Send your ideas and stories to me at stephaniemehta@mansueto.com. I'll share the best powerful examples in a potential newsletter.Read as well as view a lot more: 2nd actions Relate to the absolute most Cutting-edge Business Honors and also be actually acknowledged as an association driving the planet forward by means of innovation. Early-rate deadline: Friday, August 23.