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For the past decade, academe has taken seriously - sometimes too seriously - the admonition to operate more like for-profit businesses. Despite some excesses, the overall result has been a salutary tightening of academe's financial ship. Yet, no organization lives by finance alone. Without effective leadership, all organizations eventually founder. Beyond financial considerations, however, why should universities try to follow the command-and-control model of traditional business leadership, especially when such leaders are faltering seriously?