In just two-months HP went from entertaining the idea of spinning off its PC division to keeping it in-house. From AllThingsD:

It had become apparent that the spinoff option was not going to happen primarily because it would hurt HP in ways it had perhaps not considered. Being the world’s leading maker of consumer and corporate PCs gives HP a great deal of leverage with component suppliers like Intel, Advanced Micro Devices, Seagate and others, and helps its strategically important server business. PCs carry slim margins; servers don’t. Losing that negotiating power would have hurt the more profitable server business, so naturally the PC business had to stay.

Léo Apotheker is out, and former eBay CEO Meg Whitman is in. But is Meg really qualified to run HP, a company which has had a deep impact on technology for over 75 years? According to Ted Samson at InfoWorld, the answer is no. Ted hits on four reasons why he believes she will not be a great fit, but one sticks out:

Her ethics track record is, well, spotty. From her sweetheart investment deal with Goldman Sachs to her personal use of the eBay corporate jet to hiring an undocumented worker as a housekeeper and nanny, Whitman’s reputation isn’t quite polished sterling. HP’s had enough trouble in the past with leaders engaging in unsavory behavior. Why risk signing on a new CEO who has demonstrated that type of behavior already?

Since when was acting unethically a barrier to being a business leader? Although I personally disagree with unethical leadership, I don’t believe it has the negative impact it should on businesses. His three other reasons, none-the-less, make for a good read.

You can always compare her qualities with The HP Way:

• We have trust and respect for individuals
• We focus on a high level of achievement and contribution
• We conduct our business with uncompromising integrity
• We achieve our common objectives through teamwork
• We encourage flexibility and innovation

Only time will tell how she aligns with these tenets.