UPDATE 1-GM CEO's pay halved; promises rebound, apologizes

Newswire

(Recasts, adds details, quotes, byline) By Jui Chakravorty DETROIT, April 28 (Reuters) - General Motors Corp.'s chief executive saw his 2005 compensation almost halved from a year earlier, the company disclosed on Friday, on the same day he promised shareholders to turn around GM's North American operations and apologized for accounting errors. CEO Rick Wagoner made $5.5 million in 2005, down from $10.1 million in 2004, GM said in a filing with the U.S. Securities and Exchange ...

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