A Securities and Exchange Commission filing yesterday confirmed earlier statements by American International Group that former chief executive Robert B. Willumstad turned down a $22 million severance he was entitled to.

AIG's 10Q filing contained a letter from Mr. Willumstad, saying he did not want to take the cash while company shareholders and workers were taking a beating on their stock and he did not get the opportunity to do the job he was hired to do.

In the letter to current AIG Chairman and CEO Edward M. Liddy, Mr. Willumstad said while it was determined by the board that he was terminated from his post "not for cause" and therefore entitled to an approximately $22 million severance payment, he was turning down the money after careful deliberation.

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