.Hello and also appreciated to Modern chief executive officer! I am actually Stephanie Mehta, chief executive officer as well as main content officer of Mansueto Ventures. Weekly this email list explores broad strategies to leadership reasoned talks along with execs as well as business people, and from the pages of Inc. as well as Prompt Business. If you acquired this newsletter from a friend, you may join to receive it on your own every Monday morning.Being a CEO these days is challenging: Tensions feature delighting investors, taking care of rising costs as well as solving ongoing supply-chain concerns, and also generating excellent offices. But for lots of executives, being an ex-CEO shows its personal collection of obstacles. Some problem to manage the reduction of the benefits and also standing that come with the project, while others feel obliged to observe the well-trodden course to personal equity or company boards." Annually, thousands of managers relinquish lengthy and prosperous company jobs. Yet couple of are actually organized the quest they are about to plunge into," past Outpost Communications chief executive officer Maggie Wilderotter proclaimed previously this year in a Harvard Company Customer review essay, penned along with job trainer Rick Smith and also headhunter Dennis Carey.Life past MicrosoftOne former business big shot who appears to have actually located his ground is actually past Microsoft CEO Steve Ballmer. Ballmer purchased the Los Angeles Clippers baseball team for $2 billion in 2014 and also only revealed the staff's brand new home, the Intuit Dome. (Rapid Business calls it "Steve Ballmer's $ 2 billion play ground for Los Angeles Clippers followers.") The team and also arena have actually provided Ballmer a sense of function that possesses, in some ways, shrouded his adventures at the tech giant. "I have actually worked with a considerable amount of items throughout my job at Microsoft, as well as I've enjoyed all of them all," Ballmer informed me in the course of a job interview this month at Intuit Dome before a target market that featured members of the Young Presidents' Association as well as building and construction workers who helped construct the facility and also their families. "But ... in the growth of this particular building, I most likely had a clearer viewpoint of what I intended to perform, as well as I have the best total satisfaction, not even if it thrived, yet [since] it is actually an assets in the area, also." Intuit Dome has actually very much been actually a passion task for Ballmer, who looked for to make sure that all followers possess a premium knowledge. Every chair is actually created along with easy access to concessions and shower rooms, phone billing functionalities, and also adequate lower leg room, irrespective of ticket price.Ballmer's substantial assets are paying off. The Clippers won 51 video games in the 2023-2024 time, and also completed fourth in the NBA Western Conference. (The Dallas Mavericks removed the staff coming from the playoffs.) And also Ballmer regularly rates as one of the best NBA proprietors in enthusiast polls.He is actually an unlikely role model for post-CEO life. His retired life coming from Microsoft in 2014 after 34 years at the provider and also 13 years as CEO was actually psychological as well as tangled up. Though revenues almost tripled in the course of his tenure, the assets generally stood still, and the firm skipped the chance to become a gamer in mobile devices and internet services. Under the gun from the firm's panel, Ballmer sought to renew the firm before eventually making a decision he was actually certainly not the most effective person to relocate Microsoft onward. A press reporter who recorded his retirement from Microsoft defined him as "really saddening to leave the company." CEO, reinventedPart of what creates Ballmer a second-act success account is that he didn't try to reproduce his company life. Instead, he took possession of an option to acquire the Clippers after previous co-owner Donald Sterling was actually banned from running the crew or linking with the NBA. "Having way too many choices can bring about decision fatigue, returning to skip alternatives, and even avoiding choosing entirely," Wilderotter and also her co-authors mention, recommending ex-CEOs to as an alternative redefine their reason or identity. (Ballmer is also owner of USAFacts, a nonpartisan records company.) Expense George, the former Medtronic CEO who modify themself as a management master after retired life, has actually claimed that the previous Chief executive officers that thrive are the ones who locate means "to generate or even support traits that are going to outlive all of them." In the course of our interview at the stadium, Ballmer echoed this sentiment. "A person informed me the moment, 'Nobody ever really owns a basketball team. You deal with it. You shepherd it, as well as you bring it along,'" he points out. "Intuit Dome could be a little bit of what I carry out to shepherd this group along. Given that it is actually had by the enthusiasts at the end of the time, and also we only care for it." Are you a single CEO in a 2nd act?Are you a former CEO who possesses discovered purpose in your second process? Just how did you set about finding your brand new identity? Deliver your insights as well as narratives to me at stephaniemehta@mansueto.com. I'll share the best convincing examples in a future newsletter.Read and enjoy much more: second acts Relate to the Most Cutting-edge Providers Honors and also be actually acknowledged as an association driving the world onward with technology. Early-rate due date: Friday, August 23.