"Let them eat cake" is a famous example of "not reading the room" because it was said while French peasants were starving and the royals feasted. Its an incredibly crass thing to say, like bragging about your wealth while your next door neighbor is being evicted.

By comparison here is a CEO announcing a noble "sacrifice" at 3 million/yr salary while people and projects were being axed at Mozilla - and in my view Mozilla continues to falter relative to what its trajectory could have been given the extreme amounts of capitol and talent they've had access to.

A real sacrifice would've been to take $0 (presumably this individual is already enormously wealthy).