.Hey there and also appreciated to Modern chief executive officer! I am actually Stephanie Mehta, chief executive officer and primary satisfied officer of Mansueto Ventures. Every week this bulletin explores broad methods to leadership drawn from conversations with execs as well as business owners, and also from the webpages of Inc. and also Fast Business. If you received this newsletter coming from a good friend, you may subscribe to obtain it your own self every Monday morning.Being a chief executive officer these days is tough: Pressures feature pleasing investors, dealing with increasing prices as well as fixing continuous supply-chain issues, and also generating fantastic place of work. But also for several execs, being actually an ex-CEO provides its own collection of challenges. Some battle to manage the loss of the rewards and status that come with the job, while others feel required to comply with the well-trodden pathway to personal equity or even business boards." Each year, 1000s of execs relinquish long and also prosperous business careers. However couple of are actually prepared for the journey they are about to plunge into," former Outpost Communications chief executive officer Maggie Wilderotter announced earlier this year in a Harvard Company Testimonial essay, penciled along with job train Rick Johnson and headhunter Dennis Carey.Life beyond MicrosoftOne past company tribal chief who seems to have actually located his footing is past Microsoft chief executive officer Steve Ballmer. Ballmer got the Los Angeles Clippers basketball staff for $2 billion in 2014 and only revealed the team's new home, the Intuit Dome. (Swift Firm calls it "Steve Ballmer's $ 2 billion play ground for LA Clippers enthusiasts.") The staff and field have given Ballmer a feeling of reason that has, somehow, eclipsed his experiences at the technician titan. "I have actually focused on a lot of items throughout my profession at Microsoft, and also I've enjoyed all of them all," Ballmer informed me in the course of a job interview this month at Intuit Dome facing a viewers that consisted of members of the Young Presidents' Organization as well as development employees that aided build the amenities as well as their family members. "But ... in the advancement of this building, I probably possessed a more clear viewpoint of what I would like to perform, as well as I possess one of the most complete satisfaction, certainly not just because it turned out well, however [because] it's an expenditure in the community, too." Intuit Dome has actually significantly been an enthusiasm venture for Ballmer, that found to guarantee that all enthusiasts possess a superior adventure. Every chair is created with quick and easy access to giving ins as well as restrooms, phone charging functionalities, as well as sufficient leg space, no matter ticket price.Ballmer's significant financial investments are actually settling. The Clippers gained 51 activities in the 2023-2024 time, and ended up 4th in the NBA Western Association. (The Dallas Mavericks dealt with the staff coming from the playoffs.) As well as Ballmer routinely ranks as one of the best NBA proprietors in fan polls.He is an improbable role model for post-CEO life. His retired life coming from Microsoft in 2014 after 34 years at the business as well as 13 years as CEO was mental and tangled up. Though profits almost tripled during his period, the equity essentially stagnated, and also the provider missed out on the opportunity to come to be a gamer in smart phones as well as internet companies. Under the gun coming from the company's panel, Ballmer sought to spruce up the provider just before ultimately choosing he was not the very best individual to relocate Microsoft forward. A press reporter that narrated his retirement from Microsoft illustrated him as "very depressing to leave the firm." CEO, reinventedPart of what helps make Ballmer a second-act excellence account is actually that he really did not choose to recreate his business lifestyle. Instead, he took possession of a possibility to get the Clippers after previous co-owner Donald Sterling was disallowed from operating the staff or associating with the NBA. "Having too many choices may result in selection fatigue, going back to skip choices, or even preventing making a decision completely," Wilderotter and also her co-authors state, advising ex-CEOs to rather redefine their objective or identification. (Ballmer is additionally founder of USAFacts, a nonpartisan data business.) Expense George, the past Medtronic CEO who modify himself as a leadership guru after retired life, has actually mentioned that the past CEOs that flourish are actually the ones who find methods "to create or even nurture points that will outlive all of them." During the course of our interview at the stadium, Ballmer echoed this feeling. "Someone told me when, 'No one ever definitely possesses a basketball staff. You care for it. You shepherd it, as well as you take it along,'" he says. "Intuit Dome can be a bit of what I carry out to shepherd this group along. Given that it's possessed due to the supporters by the end of the time, and our company merely handle it." Are you an one-time chief executive officer in a 2nd act?Are you a former chief executive officer who possesses located objective in your 2nd process? How performed you set about finding your new identification? Deliver your ideas and also narratives to me at stephaniemehta@mansueto.com. I'll share the absolute most convincing instances in a potential newsletter.Read as well as watch extra: second process Relate to the best Impressive Companies Honors and be recognized as an institution steering the world forward by means of technology. Early-rate target date: Friday, August 23.