Microsoft’s shareholders on Wednesday approved CEO Satya Nadella’s multimillion-dollar pay package but by a margin much smaller than similar votes in the past.

Last month, Institutional Shareholder Services, the institutional investment adviser, urged its clients to vote against Nadella’s compensation, calling a February stock grant given to him a “mega equity award” and arguing that the award “lacks a strong connection to objectively measured company performance.”

Nadella was appointed CEO in early February, replacing Steve Ballmer, who had abruptly announced his retirement in August 2013.

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