When Rolls-Royce went bust in February 1971, it was a national disaster. One commentator likened it to discovering \"Westminster Abbey had been turned into a brothel\". At the root of the failure was an expensive and risky project to build a large jet engine, the RB211, to power one of the revolutionary new widebody jets that were about to take to the skies. In the second of our two part series, we look at the aftermath of the bankruptcy, how Rolls recovered, and ask whether - far from a disaster - the bankruptcy (and the decisions that led up to it) were actually the making of the highly successful company we know today.
The show is made in partnership with The Library of Mistakes who are offering a 25% discount on their Advanced Valuation in Financial Markets course to listeners. Just follow this link https://www.libraryofmistakes.com/how-to/ and enter ALTIF25 into the box marked promo.
Presented by Jonathan Ford and Neil Collins.
Produced and edited by Lulu Goad for Podot.
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