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Before the merger, St Mungo's had refused to join the housing sector's "race to the bottom" – very low pay for front line workers and excessive executive reward packages.
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It added that Shell believed in reward packages "that are externally competitive and internally proportionate, meaning the chief executive is the employee with the highest proportion of variable pay as he has the highest level of responsibility".
Bonuses became rampant wherever size allowed "HR consultants" with opaque reward packages to run riot.
Corporation after corporation is adding benefits and perks to their employee reward packages.
Introduce remuneration and reward packages that drive appropriate behaviour.
The total reward package for Trust chief executives commonly includes basic pay, a spot rate salary determined by the role and an organisational weighting factor alongside an annual performance bonus scheme.
The scale of potential executive rewards has increased this year.
Cutting executive rewards, he said, would discourage talented leaders.
The living wage looks at basic pay but our reward package is much broader than that.
Executives reward investors with stock dividends or buybacks.
"The reputation of those institutions will be affected if their senior executives reward themselves," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com