Multiplication and Compact-friendly Operators

During the last few years the authors have studied extensively the invariant subspace problem of positive operators; see [6] for a survey of this investigation. In [4] the authors introduced the class of compact-friendly operators and proved for them a general theorem on the existence of invariant subspaces. It was then asked if every positive operator is compact-friendly. In this note, we present an example of a positive operator which is not compact-friendly but which, nevertheless, has a non-trivial closed invariant subspace.