Yeah, I don't get that. I could see maybe 2 kids being co-valedictorians, but not 62 or 94 or 150. Even 2, though, all things would have to be equal between them and I just don't see 2 being totally equal across the board. One of them have to be a percentage point or a partial percentage point higher in grades, or have one more extra-curricular activity, or one more community service event, or something that would make them stand out as the more well-rounded, excellent student.
At the same time, I think the competition is healthy. With younger kids, I can see praising effort, to teach them that the effort needs to be put in. But I also think there comes a point where even a younger kid must realize they will not excel at everything in life. I can't throw a ball to save my life. I should never have been put on a baseball team or football team just because I tried out. And I never was. And I wouldn't want my boys to be either. If they try out, and they meet the standards to be on the team, wonderful. Put them on it and I'll be at every practice and game, cheering them on. And if they don't meet the standard, then tell them no. I'll console them and they'll do one of two things: work hard and practice more to be better next year, or decide they're not good at it and find something else to try.
The real world does not try to make everyone equal. We all interview for jobs. Sometimes we get them because we're best qualified, sometimes we get told we were passed over for a candidate that was better qualified. Does it hurt our feelings? Yeah, maybe a little, but we get over it. We realize that there was someone better at it than us, and if we want to be better at it, we must work at it. We don't get told that we get to share the job with 4 other people because we were all equally qualified. High school kids should be leaving school with that same idea. They should know that if they want to be valedictorian, they need to bust their butt and be better than everyone else in the class. And if they can't/won't do it, then they didn't deserve it.