Actually, that's not correct. Yes, the Ivy "badge" as you stated may get you in the door through networking, but in the end it's up to the individual to succeed. I hired someone from Harvard, because he was terrific with analytics. Unfortunately, when I needed him to speak up in an important pitch to an outside group, he froze and one of my colleagues from another good school but not Ivy, stepped in and saved us from potential disaster.
Oh and btw, most CEO's from major corporations are from top state schools and NOT Ivy league schools. Look it up. And Rutgers grads are well represented as CEO's, CFO's, presidents, etc. in Fortune 500 companies.