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Even with some turnaround in the sector, changes in technology and automation make it unlikely that manufacturing will regain, let alone surpass, the 2 million jobs lost in the recession.
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Cheap prices have combined with fast turnaround made in some of the poorest countries on the planet to produce the fast-fashion phenomenon.
Investors are right to feel some fatigue with the Smiths turnaround story, and management has been open that it has not been able to execute in the way that it had hoped.
The company replaced Mr. Golub with Robert S. Miller, a turnaround expert with whom Mr. Benmosche said he worked well.
And SAA has made scant progress with a turnaround plan.
And Lodeiro is directly involved with that turnaround.
And the person most credited with the turnaround was Ms. Lloyd.
Other veterans, though, told the complainers to stop belly-aching and get on with the turnaround.
Whether Centerbridge and Oaktree will succeed with their turnaround project remains to be seen.
Solyndra's previous chief executive did resign and has been replaced with a turnaround professional.
It said in a statement that it was pleased with its turnaround efforts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com