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When a factless fact table tracks events, it is possible to make it resemble a standard fact table by adding a special fact. This fact will always contain the value 1. Although superfluous, the addition of this column makes it easier to read and write the SQL to analyze the process. In the case of contact_facts, this is achieved by adding a fact called contact, as depicted in Figure 12-2. The new fact, contact, will always contain the value 1, as shown in the instance grid beneath the schema diagram.

However in the last 10 years of my career, the tenfold rise in the CEO pay multiple has offended even my capitalistic, free-market, University of Chicago sensibilities Add to that the fact that several conservative, mainstream, and highly respected board members of major corporations have independently brought this issue to my attention I think it s time we collectively start to.

(Always 1)

4,000

CONTACT_FACTS day_key 27221 27221 27221 27221 27221 27221 27221 time_key 121 121 121 123 123 123 124 customer_ key 4622 3722 2828 1911 3922 3811 8201 contact_ type_key 101 101 102 102 103 101 101 contact 1 1 1 1 1 1 1

Figure 12-2

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take it seriously. I do not know the answer, but I do believe that as a corporate society we are capable of addressing this issue in some intelligent ways. 5. Board Members and Stock Options. Reconsider granting stock options to the board of directors. This once seemed like an excellent idea. However if options are a questionable incentive for management because they induce inordinately short-term thinking and behavior, then they are doubly questionable for the board, which is supposed to have a longer-term and broader perspective than management. The real question to ask is what combination of retainer, incentives, and stock ownership provides the board with an appropriate longer-term but highly engaged perspective 6. CEO/Chairman Issue. Consider whether the CEO and chairman should be the same or separate individuals. This is a highly debatable and controversial issue and depends on the purpose and roles of the board as illustrated in the Figure 10-1. Many private companies hire independent boards with independent or at least separate chairmen to advise them. One example is the Follett Corporation, the largest

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With this fact in place, the fact table is no longer factless. It is not necessary to count an arbitrary column when querying this table. Instead, the new contact fact can be summed. This works in exactly the same way that any other fully additive fact is summed. A query that determines how many times each customer was contacted, for example, would begin as follows:

The presence of a column containing a single constant value may look like a kludge or a workaround. From a dimensional perspective, however, this column is a legitimate fact. It represents a quantity. While it will always contain the value 1 at a granular level, it will take on other values when aggregated to other levels. The results of the preceding query, for example, might look like this:

CUSTOMER_ NAME ============ Smith, M.E. Burns, K Smith, B Rogers, S Scanlon, C SUM (CONTACT) ========= 4 10 6 1 12

There s no such thing as always for the fluctuations of the stock market. Because the market trades on anticipation of higher or lower prices, it frequently surprises investors with rallies or corrections. Although it is possible to have a bearish trend in the last two months of a year, there will likely be some kind of rally. Some of these rallies will be significant, others quite modest. Table 48-1 details the changes in four market indexes during the final two months in the past 10 years. As you can see, in all but two instances there was in fact a Santa Rally. There is a repetitive tendency of the stock market to rally between the months of November and December. An investor can take advantage of such rallies by patiently waiting for them to appear and then deciding to take a profit.

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