Thursday, July 31, 2014

Downsized Employee Shoots CEO, Self

"CHICAGO, IL — An executive with a Loop company, upset that he was being demoted, walked into the CEO's office on LaSalle Street this morning and shot him twice before turning the gun on himself, police said.

"Tony DeFrances, 59, was found dead of a gunshot wound to the head at the scene. His friend and CEO of ArrowStream, Steven LaVoie, 54, was shot in the head and abdomen and was in critical condition at Northwestern Memorial Hospital, authorities said.

"DeFrances had been told last Friday that he was being demoted as the company was downsizing, according to Chicago police Superintendent Garry McCarthy.

"He asked for a one-on-one meeting with LaVoie this morning in his 17th floor offices at 231 S. LaSalle St., McCarthy said. Workers heard shots around 9:55 a.m.

"`Apparently he was despondent over the fact that he got demoted,` McCarthy said of DeFrances."

Read more at the Chicago Tribune...

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