Actual grade meaning would require criterion-referenced assessment: define what mastery looks like, grade against that standard, and let the distribution fall where it may across years and cohorts. That's hard and unsexy, so instead we get an administrative quota that launders the appearance of rigor while the underlying problem, that Harvard's admissions process selects heavily for wealth and legacy, goes untouched.
Harvard A's will now tell employers that a learner beat ~80% of a nepotism-filtered, endowment-curated cohort in a single semester. That's a relative rank, not a measure of exceptional work.