You searched for: “valedictocracy”
valedictocracy (s) (noun) (not included in other dictionaries)

"This truly will be an administration that looks like America, or at least that slice of America that got double 800s on their SATs. Even more than past administrations, this will be a valedictocracy, rule by those who graduate first in their high school classes."

—“The Insider’s Crusade” by David Brooks from the New York Times
and "Obama's valedictocracy", The International Herald Tribune;
November 21, 2008; page 5.
This entry is located in the following units: dic-, dict- (page 9) valid-, val-, vale-, -vail, -valent, -valence (page 6)