Weren't a lot of the major airlines that failed over the last number of years (PanAm, TWA etc) run by pilots? There are a few airlines facing financial difficulties right now, that are also run by pilots. Whereas SleezyJet, SouthWest, and a few others that are run by managers and accountants, are doing just fine.
Personally, I'd rather be flying.
In times of conflict we need leaders; aircrew mates with experience, training and common sense. In peacetime, and running our human resources departments; we need managers with experience, training and common sense. And never the twain should meet.