When do they not matter!?!?!?!
Seriously.
I understand the importance of them when in your early to late 20's. Perhaps even, into the early 30's.
However, when someone has a good work history, years of experience with a good track record and favorable recommendations, in their field, I just do not see how school transcripts from 15-20 years prior are very relevant.
Just seems to be another archaic way of thinking and a matter of "well, we've always done it this way".
I just don't get it.