ArrowStream CEO Steven LaVoie is in critical condition after recently demoted executive Anthony DeFrances shot him inside the building before turning the gun on himself in an apparent suicide.
The shooting occurred on the 17th floor of the Bank of America building at 231 S. LaSalle Street in Chicago.
Chicago Police Supt. Garry McCarthy said Anthony DeFrances “was apparently despondent over the fact that he got demoted.”
LaVoie is listed in critical condition at Northwestern Memorial Hospital after being shot in the head and stomach.