"Conan got screwed. I got screwed," Leno said. "This is TV. The reason show business pays a lot of money is so when you get screwed you've got something left over."
After negotiations for Leno to return to late night — while pushing O'Brien's Tonight Show to a later time — fell through, Leno was reinstated as the host, while O'Brien left NBC.
"I think Conan will come back and he'll be strong," Leno said. "And we'll all compete against one another. It should be me against [David] Letterman, against Conan, against [Jimmy] Kimmel, and then you see who wins," he said.
Watch the full interview below: