The corporate world is an evil beast. They will pimp out and sell their name to the highest bidder.
Most of us here know this, but unfortunately most of the general public does not.
There are tons of examples of this, and it is not just Hiatt's (I do own a NIB "real" pair of Hiatt's, for what it's worth)...
American Lock? Lolz... Anything but American. Made in China and Mexico after Master Lock bought them.
And Master Lock? Lolz... Anything but Milwaukee, Wisconsin after free trade gave rise to Mexico and China for production.
I could fill this page with what once was, and will never be again, but I personally know in the whole scheme of things it would make no difference... For those in power, the machine is working exactly as they want it to...