Re: Would Tim have rescued Rolls Royce in the seventies?
Interesting question. The actual reason RR went bust was this:
" A side-effect of this affair was a change in accounting regulations to forbid the capitalisation of expenditure on research. This practice had resulted in Rolls-Royce massively overstating its assets, thus disguising its financial difficulties until it was too late to seek effective help."
That's the sort of thing that nationalisation and or recapitalisation can solve. Making shite cars, a la BL, isn't.