Frankly, I'm not against men living as women and women living as men. I've always looked at things with a 'live and let live' mindset. This entire sex-change issue has been more about someone born a man fighting women for a living, and whether that's right or wrong. But this is a completely different matter. Meathead does deserve to be 'punished' for his words, because they were harsh and unnecessary... but again, I think a simple fine would have sufficed and appeased the whistle blowers.
Suspending him because he used the term 'freak' when people higher up in the organization have publicly uttered far worse is a bit drastic.