"We didn't get the job done, and we understood it before any commission report," Mr Tenet said, blaming budget cuts and congressional restrictions for the CIA's failure. "The atrophy was tremendous," he said. "We were nearly bankrupt."

I have learned about leadership. In this Agency, it is not a grade or title, but a way of thinking and acting. Of inspiring by example.

What should you expect from your leaders? I'll tell you. They must be those who recognize what you do today and help you do even more tomorrow. Those who command, not through fear or favorites, but through accomplishment. By creating conditions for others to excel. By always being first in dedication, ready to do what most cannot. They must lead-not by demanding, but by providing, service.

This is the kind of leader that we are developing at every level of this organization. That brand of leadership is as much a part of CIA's identity as is its name. And I am especially heartened to entrust our great Agency to a brilliant, caring leader like John McLaughlin, who will serve as your Acting Director. I know you will give him every ounce of your heart and soul.