Dayanand Menashi

Why is Accenture's Market Cap Less Than Infosys'?

Mentioning of facts, I guess you are not right about the economic value of shares. I had mentioned this in one of my earlier reply as well.

THE LAST LINE CLEARLY STATES THAT THE CLASS I SHARES DONOT HAVE ANY ECONOMIC VALUE
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page 13 of the SEC 10-K report following is mentioned in the section ORGANIZATIONAL STRUCTURE

"Prior to our transition to a corporate structure in fiscal 2001, we operated as a series of related partnerships and corporations under the control of our partners. In connection with our transition to a corporate structure, our partners generally exchanged all of their interests in these partnerships and corporations for Accenture Ltd Class A common shares or, in the case of partners in certain countries, Accenture SCA Class I common shares or exchangeable shares issued by Accenture Canada Holdings Inc., an indirect subsidiary of Accenture SCA. Generally, partners who received Accenture SCA Class I common shares or Accenture Canada Holdings Inc. exchangeable shares also received a corresponding number of Accenture Ltd Class X common shares, which entitle their holders to vote at Accenture Ltd shareholder meetings but do not carry any economic rights."