Artificially Raising Law School Grades

I read this article in the New York Times about how Loyola Law School Los Angeles has decided to add .333 points to each student's GPA to make each student more competitive on the job market.  This will be done retroactively.  While, to some extent, I sympathize with the law school and the students (the legal job market is not good right now), I do not think that this is the right way to go about doing it.  First, a grade is a measure of performance, and if one artificially raises it, that measure of performance is severely damaged if not destroyed.  Second, for Loyola Law School Los Angeles, after this New York Times article, I do not think that anyone will respect their students' transcripts ever again. 
I hope Dickinson doesn't do this.  The grade earned should be the one on the transcript.