Jacob Lewis lost his job security over eggs.

At a breakfast meeting between Joanne Lipman and S.I. Newhouse, Lewis, the managing editor of the New Yorker, became the managing editor of Portfolio.

Lewis is a Conde man through and through. He met his wife, who then worked at Vanity Fair, through Conde Nast, and their meet-cute/awkward courtship was the subject of an extended piece in Vows.

Blaise Zerega of Wired fame will become a deputy editor based in San Francisco for Portfolio, though one source told Keith Kelly, "He's being called deputy but it doesn't look like he will have any serious management responsibilities. Have you ever heard of a deputy 3,000 miles away?"

Another good question: Have you heard of a successful magazine with declining ad sales and unstable editorial board?