What a load of bull! How many people did she save from firing by taking a pay cut? I agree that it would have been an insignificant number of the 250 people fired, but it would have made a difference in the life of the employees not fired and it would have given meaning to her words.
Words are extremely cheap (including the ones I'm writing right now). Statements only become principles when they imply a personal cost, otherwise they are just ideas.