First of all Mr. Rechnitz is an amazing person as instead of talking he is actually doing. If you don’t like what he is spending money then spend your money on what you think it important.
When I pass a beautiful yeshivah building with someone’s name on it I also think wow couldn’t they have made that yeshivah half as nice and give the rest of the money to Rebbeiim teaching in the yeshiva or to poor people- but it’s not my money it’s the person who donated it’s money and he or she can give it to what they please.
When it comes to changing the attitude of the yeshivas, seminaries and everyone else is attitude that was suggested here i think we need to keep Mr. Rechnitz out the discussion and see how we can effect change ourselves.