Okay, one more shot at the Titanic analogy and I'll leave it alone:
Was Captain Smith at fault? Only to a point. He not only had to deal with icebergs, he had to deal with White Star chairman Joseph Bruce Ismay. It is well known that Ismay was, more or less, running the ship and was known to have over-ruled Smith on many things, one of which was slowing down when going through the icefields. Smith's failure was not throwing Ismay over the side as it probably would have saved the ship if he had.
Ismay also ordered the reduction of lifeboats to the bare minimum required by law so that the passengers would have a better view from the upper decks and, to make things nicer and more convenient for the second class passengers, ordered the watertight bulkheads lowered to below the lowest passenger deck so the passengers wouldn't have to walk through water tight doors, requiring them to step over the bottom frame.
When it came time for the US inquiry, Ismay, a known survivor, tried to get to one of White Star's other ships to avoid the questioning he know was coming. He was caught just before getting to the boarding ramp and taken in front of the inquiry board where, predictably, he claimed to not recall any important information. Can we say coverup?
Now, how does this compare to the AMA? Ismay should be the one being compared to the AMA, not Smith. Smith was retiring after arriving in New York, he just didn't want to make waves by fighting with his boss, Chairman Ismay. Ismay was the one that set policy, dictated how things went(both during the design and construction as well as during the voyage) and, ultimately, was at fault for 1500+ dead passengers and crew