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No he didn't.
As far as I recall the story, he had reached the level of "junior lecturer". Spending cuts in the early 1980s lead to him losing the academic job and finding an alternative vocation as a top 20 GM. His contemporary in the Olympiad teams, Jon Mestel, survived the cuts and became a Professor. Journalistic licence presumably as the career change was a forced move rather than an optional one. At least that was how it was portrayed at the time.RdC
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