What do you call a Captain that's been downgraded to First Officer? First Officer.
Those two on the left of the photo are either too cheap to have the stripe removed or their egos are too fragile to accept the fact that they're now first officers. Either way, it doesn't reflect favorably on either of them.

I guess that during my five years of furlough, I should've walked around wearing my uniform. I was a first officer forced back to the street by the reduction in fleet size.