ALBERTSON'S NEW BOSS PREPARED FOR TURNAROUND

BOISE, Idaho -- Lawrence R. Johnston, who was named chairman and chief executive officer of Albertson's here last week, said the company is in a turnaround mode and there will be no sacred cows as he assesses what needs to be done."I know nothing about this industry and I bring no baggage with me, and I will look at everything with a clear and open mind," Johnston said in a conference call with securities

BOISE, Idaho -- Lawrence R. Johnston, who was named chairman and chief executive officer of Albertson's here last week, said the company is in a turnaround mode and there will be no sacred cows as he assesses what needs to be done.

"I know nothing about this industry and I bring no baggage with me, and I will look at everything with a clear and open mind," Johnston said in a conference call with securities analysts. "There will be no sacred cows, and we will do whatever it takes to re

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