MANY of Pfizer's biggest institutional stockholders also earn considerable fees for providing money management services to the company.

PeopleSoft has maintained that some institutional stockholders have tendered in order to keep the deal alive.

It is indeed one of life's mysteries why so many institutional stockholders have stayed silent on the subject of outrageous pay, lo these many years.

That means, he said, that institutional and individual stockholders are less likely to challenge B.P.'s bid.

Shift Toward Pilots' Plan In taking the actions, the board was also yielding to pressure from large institutional stockholders, some of whom opposed Mr. Ferris's strategy.

There is no functional separation between ownership and management and, hence, there is no pressure to produce book profits to please individual or institutional stockholders.

According to the Investor Responsibility Research Center in Washington, resolutions sponsored by institutional stockholders on "corporate governance" issues achieved record support in 1988.

But Dr. Catacosinos claims he has the support of major institutional stockholders.

Mr. Carr, chairman of First Executive, met with institutional stockholders in New York but could not be reached for comment.

He accused Texaco's management of using the idea to appease institutional stockholders and win their proxy votes.