Glenn Walks Away With $12MM in Stock

David Glenn, who was fired June 6 by Freddie Mac, is walking away from the company with $12.7 million in stock but is forfeiting $11.1 million in stock grants, according to company documents.Leland Brendsel, who retired from Freddie Mac on Monday -- the same day the company announced his retirement (and Mr. Glenn's firing) -- leaves the secondary giant with almost $30 million in stock and another $21.1 million in stock grants that vested when he left. (Their stock holdings are based on a share price of $50.) Documents released by Freddie Mac note that Mr. Glenn is not entitled to any compensation after June 6 because he was "terminated for cause." As of MortgageWire's deadline, Freddie Mac had not yet released the compensation package for Vaughn Clarke, whose resignation also came on Monday. All three men left the company in the wake of a widening accounting scandal that has roiled the bond and mortgage markets.