It's not the Veteran Ranks, it's the Veteran System. It's not a problem whether you understand or not, we have been told that the Champion System has been designed, developed and then implemented, through phases in order to replace the Veteran System.
This is the plan that they have shared with us, you speak as Zenimax haven't told us their intentions, they have. So please, I make an effort to politely inform you as it's clear you are new. Zenimax designed the Champion System to replace the Veteran System, the Veteran System hasn't be completely replaced yet.
No one is demanding the Veteran System to be removed, at all - members of the community are simply expressing their lack of patience as Zenimax has spoken on their plans to implement the Champion System as a replacement to the Veteran System.
Your original post says you are misinformed, I hope this helps.
you should be ashamed of that font.