Аннотация:‘Authentic leadership’ is increasingly influential, with its promise to eliminate, and thus surpass, the weaknesses of previous models of leadership. This article uses object relations theory to argue, firstly, that authentic leadership as an indication of a leader’s true self is impossible and, secondly, that attempts at its implementation could lead to destructive dynamics within organizations. The authentic leadership model refuses to acknowledge the imperfections of individuals and despite its attestations to seeking ‘one’s true, or core self’ ( Gardner et al., 2005 : 345), it privileges a collective (organizational) self over an individual self and thereby hampers subjectivity to both leaders and followers. The paper thus contributes to emerging critical leadership studies by introducing the psychoanalytic approach of object relations theory to the study of leadership.