Such actions showed that Skilling is an individualistic person who works neither for the interests of the consumers nor that of the shareholders. For instance, he created an artificial shortage of energy in California, which forced the energy prices to shoot nine times the normal price. On the contrary, Skilling increased the energy prices without considering the implication it had on the consumers. He should have protected the company’s consumers from the harm caused by fluctuation of energy prices. Additionally, apart from the shareholders, Skilling had other parties to protect. Arguably, a clear presentation of Enron losses in the statements would have affected the stakeholders’ investment decisions towards the company (Independent Lens N.p). Nevertheless, by wrongfully manipulating the company’s financial statements, he duped stakeholders into buying more of the company’s stocks. Indeed sharing the right information would have informed them on the right course of action in relation to their shareholding. The shareholders needed the definite reflection of the company performance and maybe they would have saved the firm from bankruptcy. Therefore, if he intended to safeguard the stakeholders’ interests, he should have been truthful on the actual Enron’s financial situation. However, the audit showed that the company was suffering from huge losses and the financial statements manipulation was just a cover up. Yet, Skilling acted ultra vires when he manipulated the financial statements to appear as if the company was making huge profits. In fact such assertions were wrong since they were against the company policies and the stakeholders interests. In his testimony, Skilling, who was one of the directors, stated that all his actions were meant to safeguard the shareholders’ interests. Besides, this would make the company’s stock more marketable. The interrogation revealed that the company had been causing artificial shortages for energy in order to hike prices. Enron: The Smartest Guys in the Room Question After Enron was declared bankrupt, the three company directors were summoned to a hearing by the congress.