DX Wombat - that would be the best way IF every airline was peopled by people of integrity at the top. My worry would be the nasty little outfit where a guy has, say, exposed some 'irregularities' in the operation. The method you suggest could be used to screw his career for life by the vindictive and the unscrupulous. Methinks this problem should always be handled by the Regulatory Authority.
Provided they are scrupulous, of course. Hmmmmm.......