This chapter examines Xenophon’s portrayal of the Athenian elite in the opening books of the Hellenica. His presentation of the Arginusae episode (406 BC), in which the Athenian dēmos executed six of its generals without trial, focuses not so much on the behavior of the dēmos as on the essential role of elite Athenians in advising the dēmos. Despite his attraction to oligarchy as an alternative to democracy, Xenophon presents a dark picture of the regime of the Thirty and its rapid descent into violence and lawlessness and hails the restoration of the democracy as a return to normalcy and harmony. This episode is key to understanding Xenophon’s political perspective: the manifest failure of the city’s elite to offer a reasonable alternative to democracy means that for Xenophon the central political question for elite Athenians of his time is not how to overthrow the city’s democratic constitution but how to provide the democracy with the leadership it needs to succeed. Xenophon’s portrayal of several elite Athenian leaders in the opening books of the Hellenica provides some important indications of what Xenophon regards as capable and responsible elite leadership.