Most people who have flown as captain will be disappointed to go back in the RHS but remember, you have been/are a captain - straight back, wear three bars with pride (unlike a colleague who used to skulk through the terminal in a scruffy fleece )
I think all of the current US Air East pilots could have bid captain in years past, most did. Seems like US Air and FedEx have some deal where once you've been a captain you still wear four stripes as an FO (or FE at FedEx) but don't wear a captain's hat or wings. Sounds a little confusing to me.