John Koblin of the New York Observer reports that Vanity Fair was wooed Michael Lewis away from Conde Nast Portfolio.
It’s the second major business writer that Vanity Fair has grabbed this year. Earlier, it convinced Bethany McLean to leave Fortune.
Koblin writes, “‘Michael is a contributing editor for Portfolio and heâ€™s continuing to work on pieces, and he has done a phenomenal job predicting the current crisis weâ€™re in right now,’ said Joanne Lipman, the editor of Porfolio.
“It wouldnâ€™t be totally unlike Mr. Lewis to be a tricky negotiator. Last year, according to the CondÃ© Nast source, Mr. Lewis suggested to Ms. Lipman that he wasnâ€™t going to return to Portfolio, but was eventually lured back after he was given more money.
“And according to a Portfolio source, until Mr. Lewis brings pen to paper on his Vanity Fair contract, the magazine intends to start an aggressive campaign to retain him.”
Read more here.