Let G be the set of invertible elements of a normed algebra A with an identity. For some but not all subsets H of G we have the following dichotomy. For x ∈ A either cxc−1=x for all c ∈ H or sup∥cxc−1∥:c∈H=∞. In that case the set of x ∈ A for which the sup is finite is the centralizer of H