BEFORE YOU CUT THE STEM! Have you definitely whacked the wedge out? Did you undo the bolt in the quill a couple of turns and give it a couple of sharp hits with a hammer and feel the wedge come loose? If it’s still jammed in the bottom of the quill you’re going to struggle to get it out.
My personal experience though, if you can move it you’ll be able to work it out eventually with the help of some WD40, PlusGas etc.