The former president found eventual redemption with his family and went on to establish a philanthropic foundation. His wife, now Secretary of State Hillary Clinton, forgave her errant husband and went on to launch her own political career.
"Forgiveness does more positive things for the person who does the forgiving than it does for the forgiven," Farley said. "At the end of the day, Clinton pulled this rabbit out the hat. In the end, it didn't interfere with is performance."
"Tiger Woods needs resolution along the Clinton lines," said Farley.
Honesty is one of the six traits that Americans admire most in their heroes. "It worked for Letterman," he said. "We don't hear much about that anymore."
Talk show host Letterman revealed to his television audience this fall that he had been blackmailed for sleeping with one of his writers -- and had a string of "creepy" office affairs in the past.
As for Woods, who is reportedly now in counseling with his wife Elin, the jury is out on his standing on the cad-o-meter scale.
"If I were the wife, I would look to Letterman, because he fessed up right away and he did what all these people fail to do -- he didn't make excuses and deny," said Amelia Parry, editor in chief of The Frisky, which covers pop culture and relationships. "Before anything came out, he went public with it."
"The classic mistake made by high-profile people is they don't come out with it all at once," she told ABCNews.com. "They admit to one part they are busted for and don't admit to anything else. Then people start nosing around and find out everything."
Denying the accusations, Woods "initially seemed very sincere," said Parry. "But it was clearly not true, he'd had multiple affairs and he kicked himself in the pants."
"He seems like such an upstanding guy and preppie," she said. "He looks like he never takes a sip of alcohol and now I read he's a bit of a party guy. We saw him as a flawless golfer with a dedicated career since he was 2, with a profound relationship with his dad."
"He is admired by so many people," said Parry. "I think it's shocking that someone so perfect is imperfect."