BUSINESS
12/22/2014 05:14 pm ET Updated Dec 24, 2014

Marissa Mayer 'Balked' At Hiring Gwyneth Paltrow Reportedly Because She's Not A College Grad

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Gwyneth Paltrow has won an Academy Award. She's launched her own lifestyle brand, starred in dozens of movies and is worth tens of millions of dollars. But all that didn't qualify her for a job at Yahoo.

According to Sunday's cover story in the New York Times Magazine, Yahoo CEO Marissa Mayer didn't want to hire the popular actress to be a contributing editor at Yahoo Food -- at least in part because she never graduated from college.

"Even though the actress Gwyneth Paltrow had created a best-selling cookbook and popular lifestyle blog, Mayer, who habitually asked deputies where they attended college, balked at hiring her as a contributing editor for Yahoo Food," the article reads. "According to one executive, Mayer disapproved of the fact that Paltrow did not graduate college."

Mayer, who earned a bachelor's and a master's degree from Stanford, took over Yahoo two years ago. Since then she has struggled to remake the company into the successful tech giant it once was, and some have been critical of her management style.

Paltrow reportedly dropped out of the University of California, Santa Barbara, to pursue an acting career.

A spokesperson for Yahoo declined to comment. Representatives for Paltrow did not respond to The Huffington Post's requests for comment.

Of course, a college degree can be quite helpful in landing a job, and college graduates tend to earn a lot more than their peers without a degree. But there are some very successful people without that credential. Both Bill Gates and Mark Zuckerberg dropped out of Harvard.

Still, we could see why Mayer might hold a grudge in this area. Just look at Tumblr's CEO David Karp, who never even enrolled in college. Mayer bought Karp's blogging platform in 2013 for $1.1 billion, and the deal hasn't paid off yet in terms of increasing Yahoo's revenue.

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