Updated menu to hide the Managed Bookmarks to follow the folder's name.

chrome/browser/ui/cocoa/bookmarks/bookmark_bar_controller.mm

 // Copyright (c) 2012 The Chromium Authors. All rights reserved.
 // Use of this source code is governed by a BSD-style license that can be
 // found in the LICENSE file.
 
 #import "chrome/browser/ui/cocoa/bookmarks/bookmark_bar_controller.h"
 
 #include "base/mac/bundle_locations.h"
 #include "base/mac/mac_util.h"
 #include "base/metrics/histogram.h"
 #include "base/prefs/pref_service.h"
@@ skipping 1206 matching lines @@
   [button setTarget:self];
   // Make sure this button, like all other BookmarkButtons, lives
   // until the end of the current event loop.
   [[button retain] autorelease];
   return button;
 }
 
 // Creates the button for "Managed Bookmarks", but does not position it.
 - (void)createManagedBookmarksButton {
   if (managedBookmarksButton_.get()) {
+    // The node's title might have changed if the user signed in or out.
+    // Make sure it's up to date now.
+    const BookmarkNode* node = bookmarkClient_->managed_node();
+    NSString* title = base::SysUTF16ToNSString(node->GetTitle());
+    NSCell* cell = [managedBookmarksButton_ cell];
+    [cell setTitle:title];
+
+    // Its visibility may have changed too.
     [self setManagedBookmarksButtonVisibility];
+
     return;
   }
 
   NSCell* cell = [self cellForBookmarkNode:bookmarkClient_->managed_node()];
   managedBookmarksButton_.reset([self createCustomBookmarkButtonForCell:cell]);
   [managedBookmarksButton_ setAction:@selector(openBookmarkFolderFromButton:)];
   view_id_util::SetID(managedBookmarksButton_.get(), VIEW_ID_MANAGED_BOOKMARKS);
   [buttonView_ addSubview:managedBookmarksButton_.get()];
 
   [self setManagedBookmarksButtonVisibility];
@@ skipping 1544 matching lines @@
 - (id<BookmarkButtonControllerProtocol>)controllerForNode:
     (const BookmarkNode*)node {
   // See if it's in the bar, then if it is in the hierarchy of visible
   // folder menus.
   if (bookmarkModel_->bookmark_bar_node() == node)
     return self;
   return [folderController_ controllerForNode:node];
 }
 
 @end