Latest Business News: Executive Pay Report: An Unstoppable Climb in C.E.O. Pay

Wochit 0:49 mins

Among 200 top chief executives in 2012, the median compensation package jumped 16 percent. So much for the idea that shareholders are getting through to companies about reining in pay. Puerto Rico legislators on Friday rushed to try to approve a budget amid debate on how best to revive the U.S. territory's economy, which the New York Federal Reserve president , William Dudley warns has not yet bottomed out. The proposed $9.8 billion operating budget proposes a flurry of new taxes while seeking to boost the island's education system and rescue a crumbling public pension system. Pennsylvania Vendors looking to capitalize on the barrage of tourists coming to town to mark the 150th anniversary of the Battle of Gettysburg are hawking commemorative T-shirts, hats and other trinkets as a re-enacted war rages on nearby.

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