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VIDEO: David Letterman Welcomes Coco To The Club

May. 4 2010, Published 9:30 a.m. ET

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David Letterman gave his witty take on Conan O'Brien's emotional 60 Minutes interview on Tuesday's Late Show.

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Letterman recalled how O'Brien said in the interview that he was heartbroken over losing the Tonight Show, to which Letterman said, "Welcome to the club, Coco. Welcome to the club."

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Letterman continued, turning the guns on his longtime late night rival Jay Leno.

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"But Conan declined to say anything or criticize Jay Leno. And, and I... here's how I look at this,” Letterman said. “I always say, 'If you can't say anything nice about Jay, well, let's hear it!'

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