Depends on their OPSPECS, the SID, how busy the airspace is, wx conditions and personal preference.
Definitely a Loss of Control. First glance it looks like it could have stalled. It could be a runaway trim, but with two Disconnects and the circuit breaker, that should easily be mitigated. That Lear was an oldy, built before they went to Glass in the mid 80s. If it had the old Six pack for avionics, perhaps a vacuum failure? If it had a Glass upgrade, then could be plugged Pitot/ Static port, broken pitot line, which would affect the ADC if it had one. Hard to speculate considering the plane wasnt airborne 60 seconds.