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Historically, the risk has been demonstrated in incidents like the discovery of an obscure division bug in Intel's Pentium microprocessor in 1994 and, more recently, in a multiplication bug in Microsoft's Excel spreadsheet program, he wrote.
In 1979, an obscure division of the U.S. Department of Labor in charge of regulating pension funds loosened something called the "prudent man rule," enabling funds to invest more aggressively, for higher returns.
It bought Teradata in 1991 for $520 million, but let it languish as an obscure division in El Segundo, Calif., with stagnant sales and large operating losses.
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Felix Salmon, a blogger for Reuters, unearthed testimony about an executive who ran one of Murdoch's more obscure divisions.
Behind the wave of corporate break-ups is the argument that the varied businesses of conglomerates obscure each division's true value.
It is to encourage state schools once again to compete with the best in the private sector, and ultimately to try to break down and obscure the division between the two sorts of schools the biggest barrier to opportunity in Britain.
Both cases involve News America Marketing, an obscure but lucrative division of the News Corporation that is a big player in the business of retail marketing, including newspaper coupon inserts and in-store promotions.
Focusing on particular practices, like quotes on fry boats or gospel music, can obscure deep philosophical divisions among Christians who think about business ethics.
In an interview, J. Michael Kelly, the chief financial officer, argued that concentrating on weakness at one division obscured the company's overall strength.
Nixon's landslide reelection obscured the class and ideological divisions within his fabled silent majority.
The island's political division also obscures the fact that it is the world's second-largest island, after Greenland.
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