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Jun 8, 2006 · Workers are being left out in the cold while Larry Johnston and his cohorts enjoy their multi-million dollar reward packages: Johnston, Albertsons’ president, chairman and chief executive officer: $105.5 million. Robert Dunst, executive vice president of technology and supply chain and the chief technology officer: $16.1 million.
Jul 24, 2006 · When Larry Johnston walked away from Albertsons earlier this year with a benefit package that by some estimates exceeded $100 million, jaws dropped, lawsuits were filed and executives throughout ...
- Rising Through Gea's Ranks
- Joining Albertsons
- Motivational Speakers and Stores of The Future
After growing up in upstate New York, Johnston decided to follow in the footsteps of his older brother Jerry and attended college at Stetson University in Deland, Florida. In 1972 he graduated with a degree in business administration and was recruited by General Electric to enter the company's management training program. The day after graduation J...
In April 2001 Johnston was tapped to head Albertsons, one of the world's largest food and drug retailers, with revenues of over $35 billion and more than 200,000 associates. Although lacking in experience in the food and drug business, Johnston had substantial marketing experience, which was seen as a key factor in his selection. At the time of his...
Johnston utilized the consultant Ed F. Foreman, a motivational speaker, throughout his career at GE and subsequently had executives from Albertsons attend three-day seminars entitled "Successful Life Course." Foreman's philosophy emphasized attitude realignment and utilized both physical and mental exercises to achieve the positive attitude needed ...
Jan 19, 2024 · The leaner Albertsons that emerged under Johnston's early tenure stemmed the bleeding from previous leadership regimes and poor systems integration following decades of acquisitions. By making Albertsons a smaller but more secure firm, Johnston likely extended its lifespan for many years, as evinced by Albertsons buying back many discarded assets after his departure.
1 day ago · It’s a normal practice, but these tactics have caught the eye of the FTC lawyers seeking to block the looming $20 billion merger between Kroger and Albertsons, the respective largest and second ...
2 days ago · It’s offering jobs to current Albertsons employees, including Chief Operations Officer Susan Morris, a Colorado State University graduate who got a job at an Albertsons in Littleton at age 16. Morris, who would leave Albertsons with an exit package valued at $30 million, agreed to become CEO of C&S’ new retail arm if the merger is completed.
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May 30, 2024 · Johnston attempted to streamline operations and cut costs, but his aggressive approach alienated employees and customers alike. Miller, on the other hand, focused on rebuilding trust with stakeholders and emphasizing customer service, which helped stabilize the company’s position in the market.
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