Cain quipped during his speech announcing the end of his campaign that he had achieved “99.9” percent name recognition, a reference to his signature 9-9-9 tax plan.
According to Frankel, the allegations against Cain are unlikely to hurt his brand and earning power in the long run.
“As a result of dropping out, this story will just go away,” he said. “This is not a stain on a blue dress.”
He added: “Look at Eliot Spitzer. He got caught with a kinky prostitute, and he still got his own show on CNN.”