Letterman's production company, World Wide Pants, produces the "Late Late Show," therefore making him Ferguson's boss.
Ferguson said on his show Monday, "The person you work for, the person you admire and respect is caught in an embarrassing situation. And your job is to be funny about that, whilst trying to keep your own job."
Letterman admitted last week to having affairs with female employees of his own late-night show and went public with an alleged $2 million extortion plot that he was supposedly threatened with.
Ferguson still considers his boss "the king of late-night television." He does not believe talk show hosts should be held to the same moral standard as politicians. To hear more celebs comment on the news surrounding Letterman, click here.
What did you think of Joaquin Phoenix's appearance on the Late Show with David Letterman?
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