.Greetings and appreciated to Modern CEO! I am actually Stephanie Mehta, chief executive officer and also chief material officer of Mansueto Ventures. Every week this e-newsletter explores inclusive strategies to leadership reasoned conversations with execs as well as business owners, and from the web pages of Inc. as well as Fast Company. If you acquired this newsletter coming from a good friend, you can enroll to obtain it on your own every Monday morning.Being a CEO in today times is challenging: Pressures consist of satisfying investors, taking care of increasing costs and also dealing with continuous supply-chain problems, and making wonderful work environments. But also for a lot of executives, being actually an ex-CEO provides its very own set of challenges. Some problem to cope with the reduction of the rewards and status that possess the work, while others experience obliged to follow the well-trodden path to personal equity or corporate panels." Annually, lots of executives retire from long as well as successful business jobs. However couple of are organized the adventure they will embark on," previous Outpost Communications chief executive officer Maggie Wilderotter declared previously this year in a Harvard Company Customer review essay, penned along with profession trainer Rick Johnson and headhunter Dennis Carey.Life beyond MicrosoftOne former business big shot that seems to have found his ground is past Microsoft chief executive officer Steve Ballmer. Ballmer acquired the Los Angeles Clippers basketball staff for $2 billion in 2014 and merely introduced the team's brand new home, the Intuit Dome. (Rapid Business calls it "Steve Ballmer's $ 2 billion playground for Los Angeles Clippers supporters.") The crew and also field have provided Ballmer a feeling of function that possesses, in some ways, darkened his adventures at the specialist titan. "I have actually dealt with a considerable amount of products throughout my profession at Microsoft, and I have actually liked them all," Ballmer told me during the course of a meeting this month at Intuit Dome before an audience that consisted of participants of the Youthful Presidents' Institution as well as building and construction workers who helped develop the location as well as their families. "However ... in the advancement of this particular structure, I probably had a more clear scenery of what I intended to do, and I possess the absolute most contentment, not just because it turned out well, but [given that] it is actually an expenditure in the community, too." Intuit Dome has actually quite been a passion job for Ballmer, that looked for to guarantee that all supporters possess a fee adventure. Every chair is developed with quick and easy access to concessions and also bathrooms, phone charging functionalities, and substantial lower leg area, irrespective of ticket price.Ballmer's considerable expenditures are paying off. The Clippers succeeded 51 activities in the 2023-2024 period, and also completed fourth in the NBA Western Conference. (The Dallas Mavericks did away with the staff coming from the playoffs.) As well as Ballmer repeatedly positions being one of the top NBA proprietors in supporter polls.He is an unexpected role model for post-CEO life. His retired life coming from Microsoft in 2014 after 34 years at the business as well as thirteen years as CEO was mental as well as tangled up. Though revenues nearly tripled during his period, the equity practically stagnated, as well as the business missed the opportunity to come to be a player in mobile phones and also web companies. Under pressure coming from the provider's panel, Ballmer found to spruce up the business before essentially making a decision he was certainly not the most ideal person to relocate Microsoft onward. A press reporter that chronicled his separation coming from Microsoft explained him as "really saddening to leave the provider." CHIEF EXECUTIVE OFFICER, reinventedPart of what makes Ballmer a second-act excellence story is actually that he didn't try to reproduce his corporate lifestyle. Rather, he seized a chance to obtain the Clippers after previous co-owner Donald Sterling was actually disallowed coming from managing the crew or even relating to the NBA. "Possessing too many selections can easily cause choice exhaustion, changing to skip possibilities, or perhaps staying away from deciding entirely," Wilderotter and her co-authors mention, recommending ex-CEOs to rather redefine their objective or identification. (Ballmer is additionally founder of USAFacts, a nonpartisan data firm.) Expense George, the previous Medtronic chief executive officer who modify himself as a leadership authority after retired life, has stated that the former Chief executive officers who grow are the ones who find ways "to produce or even nurture traits that are going to outlive them." Throughout our job interview at the arena, Ballmer echoed this belief. "Somebody told me as soon as, 'Nobody ever actually owns a baseball team. You look after it. You shepherd it, and you bring it along,'" he states. "Intuit Dome may be a bit of what I carry out to shepherd this staff throughout. Due to the fact that it's had due to the followers in the end of the time, and our team simply deal with it." Are you a single CEO in a 2nd act?Are you a former chief executive officer that possesses located reason in your second action? Just how did you handle locating your new identification? Send your knowledge as well as anecdotes to me at stephaniemehta@mansueto.com. I'll discuss the best engaging instances in a future newsletter.Read and enjoy a lot more: 2nd actions Relate to the absolute most Impressive Providers Honors as well as be actually acknowledged as an institution driving the globe ahead by means of technology. Early-rate target date: Friday, August 23.