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Crises exist to test who the real leaders are. During the present crisis, as people lose confidence and anxiety grows, two leaders stand out, in the media at least: President Obama and his most vocal antagonist on the right, Sarah Palin. This might seem like a radically unequal contest. A sitting president versus a woman who served for half a term governing a state with a population smaller than any major American city? But leadership has always been considered mysterious, and one never knows.

To clear up the mystery, I began teaching CEOs and other top corporate officers in a business school course, "The Soul of Leadership." It was a daunting challenge for me and also for them: "Soul" isn't a word frequently heard in the boardroom. But voices on all sides cry out for the kind of leadership that does two things: first, fulfill the needs of the group, which can be as small as a family or as big as a nation. Second, bring meaning and values back into everyday life. Corporate leadership has a reputation for being divorced from both goals. It wasn't hard to find forward-looking people who wanted a change, even before Wall Street greed and excess began to paint a picture blacker than anyone was prepared for.

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