You could use filters to show the appointments for only a few users at a time.

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Sue Mosher, Outlook MVP
Outlook and Exchange solutions at http://www.slipstick.com
Author of
Microsoft Outlook Programming: Jumpstart
for Administrators, Power Users, and Developers
http://www.outlookcode.com/jumpstart.aspx
> In our office, we share an Outlook calendar to schedule time off for
> about 80 employees. The problem we have run into is that once you go
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> all day event so that it will show in a stacked format. In addition,
> we use the view "day/week/month with auto preview".