Robert Willumstad, the former CEO of AIG, who was on the job for only three months, was entitled to a $22 Million severance package after the TSY's takeover of AIG. Willumstad has declared he will not take the severance even though he is legally entitled to it. Now that is an example a lot of former CEO's should have emulated, especially the ones who screwed up. Willumstad had presented a turnaround strategy for the company but because of the Govt intervention, the plan could not be implemented. Classy guy !!!!
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