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What i am to comedy. >> thanks for finally proving men can be funny. >> dave, i'll never have the money i owe you. >> oh, no. >> good stuff. holland is with me now to talk about letterman's farewell. >> was it a fitting farewell? i tals always thought this was going to be hugely disappointing no matter what they did. it wasn't even emotional. >> this is a legend. this is 33 years in the making. i don't think there's going to be any proper farewell that's going to meets our expectations. there wasn't a lot of tears, wasn't a lot of emotion. was a lot of comedy. they decided to make it about the...

It is very interesting. he was looking at viral videos saying they're really partly what killed him off. he was saying, jimmy fallon, jimmy kimmel. they got the hang of it. he never got the hang of it. never really understood that whole new way. and so, he thought he should bow out. talk to us about that. because he is still relevant. >> that's interesting you say that. letterman is in some ways a vestige of an earlier era. think about the generational change that is happening here with jimmy kimmel, with jimmy fallon, conan o'brien and others. these guys know huh to create viral video sensati...

First of all, for their campaigns. second of all the thing that is the strength of the foundation is also kind of the weakness in the sense that it is designed for bill clinton to be with bill clinton, to convene to hold summits, to be a post president which is part of having power and prestige in politics and so the thing that makes it effective as an institution that has charity -- >> how many people. >> and so it's this stage in which all these different kinds of transactions, good and bad, can happen. that's reasonable. >> nick, a pleasure. thank you. still ahead on the eve of david letter...

Which is part of having power and prestige in politics and so the thing that makes it effective as an institution that has charity -- >> how many people. >> and so it's this stage in which all these different kinds of transactions, good and bad, can happen. that's reasonable. >> nick, a pleasure. thank you. still ahead on the eve of david letterman's last ever show, i talk with bill carter about letterman's impact on "late night." >> i'm a little shocked, frankly, dave. i'm kind of disappointed. the fact is these last two jokes are the intellectual property of nbc. stay still, like a statue! j...

A charity. >> it's being analogized to political institutions. they hire people at the foundation who are like old political friends of theirs to do stuff. it becomes like a holding pen, first of all, for their campaigns. second of all, the thing that is the strength of the foundation is also kind of the weakness in the sense that it is designed for bill clinton to be with bill clinton, to convene to hold summits, to be a post president which is part of having power and prestige in politics and so the thing that makes it effective as an institution that has charity -- >> how many people. >> an...