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Larry Johnston - the
105.5 million dollar man:
Albertsons former CEO to get TAX FREE pay day -- while his employees get PINK SLIPS!


Larry Johnston, the $16 Million CEO. He's smiling at your expense.
Larry Johnston, the $105 Million Dollar man. He's smiling at your expense.
Larry Johnston, Albertsons Inc. former CEO, will get a multimillion-dollar "golden parachute" when the Boise grocery chain is sold to SuperValu Inc. and its buyout partners.

Here's what Johnston will receive in cash, stock, health and other benefits, along with income tax reimbursements on his "golden parachute":

• $8.85 million for severance of three times his base pay.
• $482,212 for his pro-rated annual bonus.
• $35,818 for 36 months of health and other benefits.
• $50,000 for outplacement services.
• $100,000 for relocation expenses.
• $159,208 for fringe benefits.
• $20.4 million for his life annuity, if he takes it as a lump-sum payment.
• $627,111 from the company's long-term incentive plan.
• $3.7 million from the company's deferred-compensation plan.
• $28.9 million if he cashes in his 1,100,461 stock options at $26.29 each.
• $29.3 million if he cashes in his 1,114,753 shares of stock at $26.29 each.
• $12.9 million to pay the income taxes on the package.

Read the full story at IdahoStatesman.com

Take action! Send E-mail to Albertsons asking to keep your local store open!


Welcome to Albertsons! We guarantee deception, lies & deceit.

Deception, Lies, & Deceit. It might as well be Albertsons new motto.

Since Albertsons couldn’t win the Grocery Strike, they have come up with a plan to circumvent the agreement they made with their employees.

Albertsons has decided to sell your local store -- to themselves.

They will then close down your Albertsons, get rid of all of the current employees, and open under a new name.

This “new” store will hire workers, without training, union benefits, or contracts.

Their object is to make more money by ridding themselves of their Union employees. The same hard working employees they signed a binding contract with just last year.

The very people that make going to Albertsons such a great shopping experience.

Albertsons is hoping that some new paint, and a new name will fool you and your friends into complacency.

Please don’t let them get away with this!

Please show your support by telling Albertsons what you think! Also, learn how you can help! Or call us...

Thank you for your help.

Kelly Ann loves her job

Albertsons wants to pull a fast one on Union employees like Kelly Ann and YOU.

They want to close your local store and open a Bristol Farms in its place.

On the surface, that doesn’t sound like a bad trade.

But what Albertsons really wants to do is get rid of their union employees.

It’s like deja vu all over again.

Albertsons will replace them with non-Union workers – workers who will not get Union wages, or a Union retirement plan.

They will also not get Union health plans for themselves and their families. They will have to pay those high premiums themselves.

Or the TAXPAYERS will, if the non-Union workers can’t afford them.

Because Bristol Farms does not carry the basic items your family needs everyday, you will have to find a new place to do your daily shopping.

Non-Union Bristol Farms has a reputation for service and quality.

But they don’t deserve it.

What you will find are low paid workers, very high prices, a legacy of problems.

We have documented proof of hundreds of dangerous County Health Code violations. In addition, the County Weights & Measures Division discovered that Bristol Farms “register check out scales” were inaccurate a startling 50% of the time!

Help us Stop Albertsons Now!

To find out how you can help!

This information is not intended to imply that the conditions described in this or any other publication are currently occurring at any Bristol Farms store or that there are any health code and/or weight & measurement code violations affecting Bristol Farm stores.