The Obama administration has grand hopes for turning around the nation's lowest-performing schools, in part by allocating $3.5 billion for School Improvement Grants. Unfortunately, there simply aren't enough qualified principals to replace those mandated to be fired under two of the four school improvement models that the federal government says districts must follow to tap into that funding. Both the transformational and turnaround models of Obama's school restructuring plan begin with a directive to replace the principal, and in the latter case, at least half the teaching staff as well. And with the other two options--the close/consolidate model, which closes schools and transfers students to higher performing schools, and the restart model, which closes schools and reopens them as charters--principals are also likely to find themselves out of work. Recognizing the problems in pockets of American education today, universities, nonprofits and other organizations have developed turnaround principal initiatives over the past decade to help improve schools labeled as failing under No Child Left Behind. These programs, which train teachers for future principal jobs as well as assistant principals and principals primarily in office up to three years, focus on skills that principals need to address the particular challenges of struggling schools. This article provides a few examples of these programs.