By Geoff Colvin and Ryan Derousseau
February 21, 2017

As a Power Sheet subscriber, you’re a connoisseur of leadership – so who do you consider the world’s very best leaders now? This spring Fortune will publish it’s annual ranking of the World’s 50 Greatest Leaders, and I would love to know your nominees. The rules are simple: We cast a wide net, considering leaders from every realm of endeavor, and nominees must be alive and active in a leadership role. That’s it. Make the case for your favorites or just send names – it’s up to you. I would really appreciate your thoughts. Thanks in advance.


A leader you may not know but will be hearing much more about is Army Lt. Gen. H.R. McMaster, President Trump’s choice as National Security Adviser to replace the recently fired Michael Flynn. I’ve followed McMaster’s career for some time and can tell you he’s well worth your attention.

The main thing to know about him is that he’s a maverick who has repeatedly risked his Army career to do what he thinks is right. He made a name for himself in 1991 as a 28-year-old tank troop commander in the now-famous Battle of 73 Easting during Operation Desert Storm. His orders authorized him to advance only to the 70 Easting gridline on the map, but when a lieutenant told him they’d reached the limit of advance specified by their superiors, with the enemy on the run, McMaster replied, “Tell them we can’t stop. Tell them we’re in contact and we have to continue the attack. Tell them I’m sorry.” Result: McMaster’s unit, with only nine tanks, destroyed 57 Iraqi tanks, 28 infantry fighting vehicles, 11 light-armored tracked vehicles, 45 trucks, and three air defense artillery pieces. The U.S. suffered no casualties. The whole thing took 23 minutes.

Later, as a major, while getting his PhD at the University of North Carolina, he wrote a book called Dereliction of Duty: Lyndon Johnson, Robert McNamara, the Joint Chiefs of Staff, and the Lies that Led to Vietnam. That doesn’t sound like a book that would win friends in the military, but it’s now regarded in military circles as a classic.

Time named McMaster one of the 100 Most Influential People in 2014. In his profile, retired Lt. Gen. Dave Barno wrote that “the outspoken McMaster was passed over twice for selection for his first star. I watched senior Army generals argue over ways to end his career.” His fans won the day, obviously, and now, with three stars, McMaster is the first active-duty military officer to serve as National Security Adviser since Colin Powell and John Poindexter in the Reagan administration. This independent thinker’s performance in the Trump administration will be fascinating and instructive to watch.


Kraft Heinz ended its bizarrely brief bid for Unilever over the weekend, but neither company can go back to life as it was. Now that the concept of buying the stagnant Unilever is no longer unthinkable, CEO Paul Polman had better bulk up if he wants to remain independent. How? One popular hypothesis is that he could buy Colgate-Palmolive. Kraft Heinz’s stock jumped by double digits on announcement of the bid – highly unusual for an acquirer’s stock – increasing the pressure on the company to make a major acquisition. Wall Street’s favorite candidate for a target: Mondelez International. The waters may be calm again for the moment, but much is undoubtedly roiling beneath the surface.

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