Ridiculous. Nowhere did it say who the speech was being given too. I am assuming that it was to no one important. Nice speech, but not going to have any affect. Those that can change it don’t want to, and those that agree with Rechnitz are not in any position to change it. If he weren’t so rich, maybe they would put him in cheirim, if anything at all.
One thing that supports my opinion – I was amused, annoyed, and amazed when at one moment in middle of the speech suddenly everyone clapped. I didn’t understand what they were clapping about, as he had not gotten to any important points yet. I backed up to listen again, and it turns out that it was when he said “I give money to support Lakewood Mosdos.” So it wasn’t his message that they were agreeing with, it was his money.