Wow - this post turned ugly quick. I skipped pages 3-9 due to boredom so I could throw in my 2% of a dollar:

Your company has a policy that says "No Outside Commercial Flying". So you decide to beat the system because you got 300 hours of dual given and you wanna give some yuppie a BFR so you can double your regional paycheck. YOUR intrepretation (which will never be the same as the FAA's - which is never the same in different FSDO's) tells you that you can rock out with your c0ck out. You saddle on up in some aircraft (which flies just like that big shiny EMB/CRJ/SAAB/whatever the hell they let you touch at XXX airlines) and go blasting off into the wild blue yonder with Dr. Chuck Yeager, ESQ in his 1976 Bonanza that's gone through more doctors than a West Avenue call girl. You do your first turn around the patch, bounce it on, and land in a grassy part of the airport usually reserved for maintenance guys who like to smoke a lil' weed on the job. Have fun doing the carpet dance with the Chief Pilot explaining why your license/certificate/errant piece of government paper is "suspended pending review" (for those of you who don't think they go after your commercial AND cfi when you f up...being naive is cute too). I'm sure he'll be thrilled by your expert analysis of the regulations and whatever screen shot you printed off AOPA legal to aide in your defense. He'll be even more excited to learn that he no longer needs to interpret and enforce company policy as you are already doing it for him out in the real world. You're on the fast-track...make sure you ask for a recommendation letter to Delta while your in there. He probably already has one written up for ya! It's my belief that the time as a CFI counts towards your 121 requirement (it definately does for 135 - see NetJets). It's also my belief that the time thing isn't the only reason they want to keep you on the ground.