.Greetings and invited to Modern CEO! I am actually Stephanie Mehta, CEO as well as chief content policeman of Mansueto Ventures. Each week this email list explores broad methods to management reasoned talks along with executives and also entrepreneurs, as well as coming from the pages of Inc. and also Prompt Provider. If you obtained this e-newsletter from a pal, you can easily register to get it on your own every Monday morning.Being a CEO nowadays is challenging: Pressures include fulfilling shareholders, handling increasing prices and fixing on-going supply-chain problems, and creating fantastic workplaces. However, for numerous executives, being actually an ex-CEO offers its own collection of challenges. Some battle to cope with the loss of the rewards as well as status that feature the work, while others feel obliged to observe the well-trodden pathway to personal equity or company boards." Each year, hundreds of execs relinquish long as well as productive corporate jobs. Yet couple of are planned for the trip they will embark on," former Outpost Communications chief executive officer Maggie Wilderotter announced previously this year in a Harvard Company Review essay, penciled along with career coach Rick Johnson and also headhunter Dennis Carey.Life beyond MicrosoftOne past company big shot who seems to be to have found his footing is actually former Microsoft CEO Steve Ballmer. Ballmer acquired the Los Angeles Clippers basketball staff for $2 billion in 2014 and merely introduced the group's brand-new home, the Intuit Dome. (Quick Business calls it "Steve Ballmer's $ 2 billion playground for Los Angeles Clippers followers.") The staff and sector have given Ballmer a feeling of reason that possesses, in some ways, eclipsed his experiences at the technician titan. "I have actually dealt with a bunch of items over the course of my occupation at Microsoft, as well as I've loved them all," Ballmer informed me during an interview this month at Intuit Dome in front of a reader that included participants of the Youthful Presidents' Association as well as development employees who assisted build the location as well as their families. "Yet ... in the advancement of this building, I probably possessed a more clear scenery of what I would like to do, and also I have the best contentment, not even if it thrived, however [considering that] it is actually a financial investment in the neighborhood, too." Intuit Dome has very much been an enthusiasm task for Ballmer, that found to guarantee that all fans possess a costs experience. Every chair is made along with easy access to deals and bathrooms, phone demanding capabilities, and also plenty of leg space, despite ticket price.Ballmer's considerable expenditures are actually settling. The Clippers won 51 activities in the 2023-2024 period, and also completed 4th in the NBA Western Event. (The Dallas Mavericks did away with the crew coming from the playoffs.) As well as Ballmer often ranks as one of the top NBA owners in supporter polls.He is actually an extremely unlikely role model for post-CEO life. His retirement coming from Microsoft in 2014 after 34 years at the company and also 13 years as CEO was mental and tangled up. Though incomes virtually tripled in the course of his period, the share essentially stood still, and also the provider overlooked the option to become a player in cell phones and also web services. Struggling from the business's board, Ballmer sought to overhaul the provider just before inevitably deciding he was actually certainly not the very best individual to relocate Microsoft ahead. A press reporter who recorded his departure from Microsoft defined him as "incredibly depressing to leave behind the business." CEO, reinventedPart of what helps make Ballmer a second-act effectiveness story is that he really did not attempt to reproduce his corporate lifestyle. Instead, he took a chance to obtain the Clippers after previous co-owner Donald Sterling was actually disallowed from managing the crew or even associating with the NBA. "Having too many options can easily lead to selection exhaustion, changing to fail possibilities, and even staying clear of deciding completely," Wilderotter as well as her co-authors point out, advising ex-CEOs to rather redefine their reason or identity. (Ballmer is likewise creator of USAFacts, a detached records company.) Bill George, the former Medtronic chief executive officer that recast themself as a management authority after retired life, has actually claimed that the past CEOs who prosper are actually the ones who locate techniques "to develop or nourish traits that are going to outlive all of them." Throughout our meeting at the field, Ballmer echoed this feeling. "Someone told me as soon as, 'Nobody ever before actually possesses a baseball staff. You look after it. You shepherd it, and also you deliver it along,'" he claims. "Intuit Dome could be a little of what I do to shepherd this group along. Because it is actually had due to the fans by the end of the day, and our experts merely look after it." Are you an one-time CEO in a 2nd act?Are you a former CEO that has discovered reason in your 2nd process? Exactly how performed you engage in locating your new identification? Deliver your insights and also anecdotes to me at stephaniemehta@mansueto.com. I'll discuss the best compelling examples in a potential newsletter.Read and also see extra: 2nd acts Relate to the best Innovative Business Honors and also be acknowledged as an association steering the globe forward with technology. Early-rate deadline: Friday, August 23.