Lifehack is one of my favorite blogs, and today it has a great article on the difference between being a boss (which it compares to the Pointy-Haired Boss of Dilbert fame) and being a leader for a group.
It will come as no surprise to most folks that the article concludes that being a leader is far more effective to the group, and is likely to result in higher employee retention than being a boss. I know firsthand that not everyone in leader/boss positions follows this method, but I agree with article’s author that being a leader, rather than a boss (or a "higher up" or whatever other corporate euphemism one employs) is a long-term recipe for success and happier employees.
And that really does matter, since employee happiness affects employee loyalty, day-to-day job engagement, willingness to work an extra hour or take on an extra task, or even willingness to volunteer for subjectively undesirable assignments.
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I’m Marissa, can-do-ologist, perpetual Curious George, and daily adventurer. 
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