Does being a leader still mean Leadership?

So had a great discussion today with some of our team around the topic of leadership. Even though we are a leadership development company, it seems that the word leadership is old and outdated, especially among Gen Y and Millenials. The challenge is there really isn't a word that has surfaced to replace it, at least not yet. We are working on one though..... What is interesting is the fact that the term Leader still has very strong connection and meaning among the Millenials and Gen Y. And us Gen X'ers, we are just stuck in the middle, so we can go with the flow anyway. But being a leader is still seen as a favorable motivation, while becoming a leadership expert, not so much. A gathering of leaders is powerful and creates mystery, intrigue and interest, while a leadership conference seems bland, traditional and boring. Interesting....