BREAKING: Demoted worker shoots CEO, kills self in Chicago

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

Police Superintendent Garry McCarthy said a worker at a technological company pulled a gun after entering the 17th-floor office to meet one-on-one with his CEO. There was a struggle for the gun, and the CEO was shot twice before the gunman fatally shot himself, McCarthy said.

McCarthy said the company was downsizing and “a number of people,” including the alleged shooter, were being demoted.

“Apparently he was despondent over the fact that he got demoted,” McCarthy said.

The 54-year-old victim was taken to a hospital in critical condition, while the other man, described as the 59-year-old offender, was pronounced dead at the scene. Their names haven’t been released.

The office is in the Bank of America building, two blocks from the Willis Tower, the country’s second-tallest skyscraper, and a block from the Chicago Board of Trade and the Federal Reserve Bank of Chicago.

Gun Violence Hits Chicago Financial Sector: Top Level Executive Shoots CEO After Being Demoted

Gun Violence Hits Chicago Financial Sector: Top Level Executive Shoots CEO After Being Demoted

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Image Credit: M. Spencer Green, AP

Anthony DeFrances was a top level executive at the ArrowStream corporation, a multimillion dollar business that was listed as one of the 50 fastest growing companies by Crain’s Chicago, in 2010. In 2013 the company was named one of Chicago’s Best And Brightest To Work For. Located in the Bank of America building in Chicago’s busy financial district, the company…

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