Managed {noun}

Apologies for the unexpected absence. I'll be back blogging in-force this week.

For now, let me leave you with a quick thought. Instapundit last week referenced a New York Times article involving plagarism problems with "managed books" (books where the person listed as author delegated significant portions of the actual writing to research assistants). I don't know anyone who has anything good to say about "managed care", unless they are making a profit from it.

Is there any context in which "managed {noun}" connotes something positive? I can't think of any off of the top of my head. Sticking an obviously positive descriptor in front of managed doesn't count, e.g. "a well-managed business". What's the underlying truth behind the fact that a managed {noun} implies a lower-quality {noun}?