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Your browser does not support inline frames or is currently configured not to display inline frames. He is shown below decks, where he also awaits his fate after trying to help others get to safety. Bruce Ismay: He is sitting in a lifeboat several hundred yards from the ship, watching it go down and hearing the screams of those trapped on board. This is a three-part song, with each part sung by a different character lamenting his fate and the fate of the sinking ship (with the three coming together to sing the very end).
Smith: He appears in his cabin, where, shell-shocked, he has taken refuge to go down with his ship.

He is the first to realize the ship will sink once it struck the iceberg as badly as it did. He also realizes that he designed a special davit to hold enough lifeboats for everyone on board.
Ismay is the businessman and White Star executive who thought of the idea to build the largest, grandest ship on the sea (and the largest moving object created by man to that point).
He was determined to impress everyone with Titanic's size *and* speed, and is the one who goaded Captain Smith into pushing the engines to full steam ahead. When he realizes the enormity of what has happened, and realizes rescue will not arrive before the ship sinks, he cannot handle it, and retreats to his cabin to await his doom.

He is full of bravado, but when it is clear the ship will sink, he pusillanimously jumps into a lifeboat meant for women and children, and is allowed to leave with it.
He leaves his more level-headed crewmen in charge of the evacuation before he drowns, and laments his decisions in his last few moments.
As he sits in the lifeboat and hears the death throes he helped bring about, it clearly weighs heavily on his conscience.

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