There's no difference.
Plenty of people with Masters degrees are worthless in the work space. Plenty of people with *just* college degree rise to the top of their fields. And there are even some that only finished high school to go on to do great things. I don't want this thread to go off topic but what a ridiculous statement to make. Education is important and key but getting a Masters degree is certainly not the only way to do that and rise in the ranks.
Eddy Cue specifically, I agree he probably isn't the right person for the job but not because of the piece of paper he has/doesn't have.
I'm just making a point, at my job I'm accustomed to SVP, EVP's, and VP's as having at least a master's degree or doctorate degree in the field of which I work in (pharmaceuticals)... However it is pharmaceuticals after all, so a little more sophisticated than computer engineering.