First, it assumes that we want to be protected against "others independently developing a similar algorithm". Second, it assumes that I "believe that my company deserves to be protected" from such other people. We're not concerned about other people independently developing a similar algorithm as it's rather non-trivial and as I mentioned, it took an awful lot of effort to develop it. We're much more concerned about the very real problem that people (e.g. competitors) will use our research and work.
As for your second assumption, personally (and I'm not representing my employer here) I don't believe that we have the moral right to be protected from other people doing their research independently who reach the same results.
In lights of all this, I really don't know how to answer your question.