These letters are printed as they appeared on the specified dates.
Some people achieve ego-satisfaction by getting high grades.
Many of these people succeed in school, for obvious reasons, and become administrators and professors. These people do not understand why anyone should fault the grade system, therefore we can expect no serious effort to get it off our backs. Nor does the pass-fail system really answer the problem. I would suggest a system of preserving projects, papers and examinations in a portfolio similar to those an architect might keep to give a potential employer a sample of his work. This would end the abuses and absurdities of the grade, and still supply the needs of employers and counselors who need a fairly accurate evaluation of a student's preparation and needs.