A noncombinatorial proof that toric rank 2 bundles on projective space split

Hartshorne's conjecture about vector bundles on projective space states that any rank 2 vector bundle on n-dimensional projective space splits as soon as n is at least 7. Klyachko has shown that Hartshorne's conjecture is true when the vector bundles are torus equivariant. Moreover, recent work of Ilten and Süss generalizes Klyachko's work to the case of a smaller rank torus action on projective space. In this note we give a new, direct proof that torus rank 2 bundles split that avoids a description of the category of torus equivariant vector bundles.