Senior writer Katrina Brooker ditches Portfolio after being offered a plum position that promises to advance her career and provides her with a lucrative salary boost her old job back.

Brooker, a friend of ousted deputy editor Jim impoco and former "star reporter" at Fortune, will be back at "her old stomping grounds" well before Portfolio's third issue hits the stands.

Still to come: an explanation from EIC Joanne Lipman on why exactly it is that "Portofolio" has already become inextricably linked with word "Exit." [WWD]