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I had the closest thing I have ever had to an out-of-body experience lying in bed one morning. I turned on the 'Today' programme and item four on the news was: 'The shadow chancellor has ruled himself out of the leadership.' I lay there thinking that's interesting, then I realised it was me.

I have yet to meet members of a leadership team who I thought lacked the intelligence or the domain expertise required to be successful. I've met many, however, who failed to foster organizational health. Their companies were riddled with politics, various forms of dysfunction, and general confusion about their direction and mission.

“Another guy who will show what it means to be a Penn State student-athlete, Michael is a proven college hitter who should provide some power for us. He comes from a great academic school, and we'll look for him to provide some leadership as he will be replacing two seniors at third base.”

“Most of our senior class has been playing since our sophomore year. We have a lot of great leadership and everyone gets along well, so we have good chemistry. Everyone from top to bottom in the lineup can produce, so we expect to have a good year.”

“The Family Tree Award was designed to recognize excellence and leadership on behalf of LGBT parents and their children. Time and time again B.D. has been a tireless and passionate voice and a face for our families and our love. We are honored to have the opportunity to recognize and thank B.D. for his commitment to equality for LGBT parents and their children.”

“We are excited to have such a seasoned executive with a history of helping businesses develop and grow join Descartes. On behalf of the board of directors and management, I welcome him to our team and look forward to seeing the impact his industry leadership in mobile asset, transportation, warehouse and event management technology has on our progress.”

“Opportunity Finance Network is proud that its 20-year track record of success has resulted in this partnership with Bank of America. Together, our two companies will leverage growth opportunities for small businesses and entrepreneurs as engines for inclusive prosperity in their markets. Bank of America's leadership in this market will encourage others to invest in these growth opportunities.”

“Equally troubling is the reality that western firms are effectively facilitating censorship in China and jeopardizing the welfare of journalists. Fundamental freedoms, including freedom of expression, should not be negotiated away in return for market access. Western businesses have a leadership role to play in encouraging best business practices in local markets, including in the information sector.”

“These promotions of Paul, Gerhard, David, and Frank reflect the enormous amount of talent and depth within our organization, ... Each of these executives has served many years in our company, developing their leadership skills and proving themselves with increasing levels of responsibility. I believe this is the strongest and most capable executive team in our industry.”

“A strong fourth quarter marked the end of a tremendous year as we executed our plans to position Celanese for greater growth and profitability. We continued to focus our portfolio, expanded our global reach and improved our industry leadership position. We have identified a clear path to build on this success in 2006.”