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Demoted executive shoots CEO, kills self

– A demoted executive shot and critically wounded his company’s CEO before fatally shooting himself Thursday inside a high-rise office building in downtown Chicago’s bustling financial district, police said.

The worker pulled a gun after entering the 17th-floor office to privately meet with the CEO, and during a struggle for the weapon, the CEO was shot in his head and abdomen, Chicago Police Superintendent Garry McCarthy said. The gunman then fatally shot himself.

“Apparently he was despondent over the fact that he got demoted,” McCarthy said, adding that the dead man was among “a number of people” being demoted as the company downsized.

The dead man was later identified by the Cook County Medical Examiner’s office as 60-year-old Anthony DeFrances.

A man by the same name is listed as an executive on the website for ArrowStream, a supply chain management technology company whose address is on the 17th floor of Bank of America building, where the shootings occurred. The company’s CEO is Steven LaVoie, according to the site.

According to ArrowStream’s website, LaVoie founded the company in 2000, and DeFrances joined the next year and was its chief technology officer.

Police were called just before 10 a.m. to the building, which is a few blocks from the Willis Tower and a block from the Chicago Board of Trade.

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