.Hey there and invited to Modern chief executive officer! I'm Stephanie Mehta, chief executive officer and chief material officer of Mansueto Ventures. Weekly this email list looks into inclusive techniques to management reasoned talks along with execs as well as business owners, as well as coming from the pages of Inc. and also Swift Business. If you obtained this e-newsletter from a close friend, you can register to obtain it on your own every Monday morning.Being a chief executive officer these days is challenging: Pressures feature pleasing shareholders, handling climbing prices and dealing with continuous supply-chain issues, and also producing wonderful place of work. However, for lots of execs, being an ex-CEO provides its very own collection of challenges. Some problem to manage the reduction of the perks and condition that possess the project, while others feel required to comply with the well-trodden path to private equity or even corporate boards." Yearly, 1000s of execs retire from lengthy and also successful business jobs. But couple of are actually organized the adventure they are about to embark on," former Frontier Communications CEO Maggie Wilderotter declared earlier this year in a Harvard Company Evaluation essay, penned with profession train Rick Smith as well as talent scout Dennis Carey.Life beyond MicrosoftOne previous corporate tribal chief who appears to have actually found his footing is actually former Microsoft CEO Steve Ballmer. Ballmer acquired the Los Angeles Clippers baseball group for $2 billion in 2014 and also merely unveiled the crew's brand new home, the Intuit Dome. (Swift Firm calls it "Steve Ballmer's $ 2 billion play ground for Los Angeles Clippers supporters.") The group and field have actually given Ballmer a feeling of reason that has, in some ways, shrouded his adventures at the technology titan. "I've worked with a lot of items over the course of my profession at Microsoft, as well as I have actually loved them all," Ballmer informed me during a meeting this month at Intuit Dome in front of a reader that consisted of participants of the Young Presidents' Association as well as construction employees who aided develop the establishment and also their families. "However ... in the growth of this particular building, I most likely possessed a more clear viewpoint of what I would like to carry out, and I possess the most contentment, certainly not just because it prospered, but [due to the fact that] it's an assets in the area, as well." Intuit Dome has very much been actually an enthusiasm task for Ballmer, who found to ensure that all followers have a superior adventure. Every seat is actually designed along with very easy access to giving ins as well as restrooms, phone asking for abilities, as well as plenty of leg room, regardless of ticket price.Ballmer's considerable assets are paying off. The Clippers gained 51 activities in the 2023-2024 season, and also finished fourth in the NBA Western Event. (The Dallas Mavericks got rid of the staff from the playoffs.) As well as Ballmer regularly positions being one of the leading NBA proprietors in fan polls.He is an improbable good example for post-CEO lifestyle. His retirement coming from Microsoft in 2014 after 34 years at the company and 13 years as CEO was mental as well as stuffed. Though earnings almost tripled throughout his tenure, the stock basically stood still, and the company missed out on the option to end up being a gamer in cell phones and also web services. Under the gun from the firm's panel, Ballmer looked for to renew the company before ultimately making a decision he was certainly not the most ideal person to move Microsoft onward. A press reporter that recorded his departure from Microsoft described him as "very saddening to leave behind the business." CHIEF EXECUTIVE OFFICER, reinventedPart of what produces Ballmer a second-act success account is actually that he didn't try to reproduce his company life. Instead, he took possession of an option to get the Clippers after previous co-owner Donald Sterling was disallowed coming from operating the group or even associating with the NBA. "Having a lot of options may trigger decision fatigue, changing to fail options, or perhaps staying clear of choosing entirely," Wilderotter and her co-authors mention, advising ex-CEOs to rather redefine their reason or identification. (Ballmer is additionally founder of USAFacts, a nonpartisan records firm.) Costs George, the past Medtronic CEO who recast themself as a leadership expert after retirement life, has claimed that the past Chief executive officers who prosper are actually the ones that discover ways "to make or even support factors that will certainly outlive them." Throughout our interview at the field, Ballmer resembled this conviction. "Somebody told me once, 'No person ever before truly has a baseball group. You look after it. You shepherd it, and also you bring it along,'" he says. "Intuit Dome can be a bit of what I carry out to shepherd this crew throughout. Since it is actually had due to the supporters by the end of the time, and also our experts simply take care of it." Are you an one-time chief executive officer in a 2nd act?Are you a former CEO who has discovered reason in your 2nd process? How performed you set about finding your brand-new identity? Send your knowledge and stories to me at stephaniemehta@mansueto.com. I'll share the most compelling examples in a future newsletter.Read and also watch a lot more: 2nd acts Put on the best Cutting-edge Companies Awards and be actually identified as an institution steering the world onward via innovation. Early-rate deadline: Friday, August 23.