VirginiaR, I think the comic book story you might be referring to is Kingdom Come by Mark Waid and Alex Ross. In it, Superman isn't a world leader or anything to begin with, just the superhero we all know and love, but when Lois and the rest of the Daily Planet staff are killed by the Joker, a new 'hero' hunts down the Joker and puts a bullet through his head. Superman, naturally, arrests the 'hero' (I believe his name was Gog) and takes him to the police. They try him and find him innocent of any wrongdoing, then tell Superman that he's outdated, that his morals are archaic, and that they need a brand of hero like Gog who is willing to pull the trigger. Heartbroken and rejected, Superman exiles himself to his Fortress of Solitude and lives there, mourning, until a nuclear bomb destroys Kansas and decimates the entire Bread Basket of America. Wonder Woman pulls Superman back into the fray, and he brings back the Justice League, minus Batman. Superman, no longer answering to the name Clark, decides to do what needs to be done and starts building a prison in what's left of Kansas to keep the inmates in and to use as cells for those 'heroes' who won't obey rules and thumb their nose at the law. Batman, on the other hand, temporarily joins up with Luthor because they don't like the idea of superpowered beings placing themselves above humanity. I won't spoil the entire ending, but neither side was entirely wrong or right, and Superman is brought back to life when he once more dons the glasses of Clark Kent--an ending that I, as an L&C fan, found very satisfying!
And, Lynn, this probably isn't the only story involving Superman and Batman being raised as bad guys, but I do know there was a Superman/Batman storyline called Absolute Power, in which three enemies from the future change the past by killing Martha and Jonathan before they can find the rocket and taking Bruce away, I believe, just after his parents are killed, and then raising them to be world dictators. Of course, they convince them both that it's for the good of the world--and the only way they can keep Superman from fighting against their ruthless means is by 'giving' him Lois Lane. In the end, they both realize something is wrong and start traveling through time trying to restore the original timelines.
Both are very good stories, but I'm not sure they're exactly what you're looking for, Deadly Chakram.
