There is a phenomena that most people are not familiar with. It is one that costs shareholders of companies many millions of dollars each year. This is what I term, “employee induced neutering of the CEO.” It takes many forms but the basic jest is as follows. An employee or group of them take actions of some sort that ultimately have a negative outcome on the company’s bottom line without the knowledge or permission of the CEO. In this regard their actions have not only reduced the revenue of the company but also potentially impact the long term future of the business as a whole.
In this first of several blog posts on this subject I cover several instances of this behavior at Albemarle. I decided to do this after Matt I. who works at a publishing company that I subscribe to had mentioned this company (he is free to reproduce this post). For some reason Matt thought that they were miners when in point of fact they are not (this is simply a recent blunder from my general understanding). I do not have full knowledge of the history of this company but I do know that they were a spin off of Ethyl Corp. sometime ago and that the latter was a collaborator with the Nazis during WWII (just as was Standard Oil, now Exxon) providing them with antiknock agents required as an additive to the aviation fuel (which Std. Oil provided), without which the Germans planes would have never been effective.
Many years ago a “mentor” of mine told me a story about his interaction with Albemarle. This person worked with a company that was a distributor of some of Albemarle’s products. They had served in this capacity for some years and had indeed increased the sale of these materials. The issue was, according to this person, that Albemarle treated them like crap. One thing he indicated was they simply were arrogant. So this distributor had finally had enough of the poor treatment and lined up a new supplier of the same materials and made the decision that when the next meeting was to occur at one of Albemarle’s sites that they would announce their intention to no longer sell products made by Albemarle. Just prior to the announcement Albemarle gave this salesperson some sort of little award for being so effective at selling these materials and the salesman then informed them that they were no longer going to distribute them anymore and left. This is an example of employee induced neutering of the CEO as no leader of sound mind would poorly treat someone who was selling their products for them.
Fast forward about four years following this story and I contacted Albemarle as I had chemistry that made use of a product of theirs, methylaluminoxane (MAO). Specifically the chemistry is one of the most energy efficient methods developed to date for producing polymers such as polyisobutylene and butyl rubber. For example, I made 90 kg/mol butyl rubber at 0 °C with this chemistry and normally that requires a reaction T of around -100 °C. I thought that since they were a main producer of MAO that they would have interest in owning the intellectual property that I had developed and so I sent the company a letter. The reader should note that one form of employee induced neutering of the CEO is to withhold correspondence addressed to the company head. Somehow this particular form of CEO neutering did not occur and I received a phone call out of the blue from an employee at Albemarle and this is where their CEO got his gonads snipped good.
The first thing this person said to me, and I believe he was either Indian or from the Middle East originally, was “I don’t know why but I was chosen to call you.” He then proceeded to ask me where I got my degree from and when I told him he was quite rude and acted as if I was inferior to him. Then this joker proceeded to inform me that Albemarle planned to make butyl rubber using butyl lithium. I wanted to laugh but I bit my tongue because this person obviously didn’t even know the difference between anionic or cationic polymerization (butyl lithium being used for the former, butyl rubber being made by the latter) nor did he seem to have any basic polymer science background. At this stage I more or less let this idiot go on for a while not informing him that although there is a polymerization system for the preparation of isobutene based polymers that makes use of the alkyl lithium compound he referenced that it also required other ingredients and that it would be far more expensive and dangerous than current methodologies.
At this stage I gave up trying to help Albemarle. My experience is that it is a company filled with many bad actors that unwittingly (or maybe purposely) damage it through bad decision making and behavior. This is most likely what triggered an entity with no mining experience to enter the lithium mining space and no doubt it has cost its shareholders quite a bit. It’s too bad their CEO doesn’t realize he has been neutered…