first billionaire, donald drapkin is our guest host today. >> are we ready? >> then the donald.s the mitt romney endorsement, the trip back to the board room, and more. >>> and from master in training to master of the universe. >> i am iron! >> we'll be inducting a new squawk market master. the second hour of "squawk box" begins right now. ♪ ♪ "the >> good morning, everybody, welcome to "squawk box" on cnbc. i'm biggy quick along with andrew ross sorkin and michelle crew sew cabrera. don drapkin joins us, a billi billionaire investor. >> did you just cringe? >> my net worth had gone up by a considerable amount of money and she's going to make me pay for dinner the next time. >> so your net worth has gone up recently. we'll talk to that in a minute as to why. >> not again. >> don is with us over the next two hours. we have a lot of ground to cover today and crowning a new squawk master this morning. he's getting ready for his big debut in our board room. >> we'll show who he is? >> we're not going to tell. you got to stick around before we tell you who he is. we'll get the news h

he settled a dispute with his former business partner and one- time best friend donald drapkin. the deal comes less than a month after a federal jury awarded $16 million to drapkin for unpaid compensation. now, the court says both parties have agreed that there was a substantial error in the judgement and that it should be vacated. over the past two decades, the men collaborated on many deals involving revlon, marvel comics, and others. >> tom: 50 cent stamps, five delivery days, and layoffs of 150,000 employees-- all are part of a new business plan submitted to congress today by the head of the u.s. post office. in a letter to congress, the postmaster general said, without these changes, the service would continue to be a burden to taxpayers. the agency owes the u.s. treasury almost $13 billion and posted a $3.3 billion loss last quarter. >> susie: when people launch a business, they spend a lot of time making a game plan and thinking about who their customer will be. but tonight's commentator says it's crucial for new business owners to design a tech plan. here's alfred edmond