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Recently Demoted Employee Shoots CEO, Kills Self In Chicago

Police said a disgruntled employee shot his boss before killing himself in the Bank of America building in Chicago.

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The CEO of a Chicago-based company is in "grave condition" after being shot twice Thursday by a recently demoted employee, NBC Chicago reports.

The employee, reportedly an executive at ArrowStream who was demoted last week, then fatally shot himself.

The incident took place on 17th floor of the Bank of America Building in Chicago's financial district, police said.

According to multiple reports, Steven LaVoie, CEO of ArrowStream, was shot once in the head and stomach, and was taken to the hospital in critical condition.


LeVoie, 54, was shot during a meeting with a 59-year-old employee, according to police and media reports.

Chicago Police Superintendent Garry McCarthy told reporters that the gunman had recently been demoted as part of a downsizing at ArrowStream.

"What we have here is a workplace violence issue," McCarthy said. "Apparently there's a technological company on the 17th floor. They've been undergoing a downsizing. They've demoted a number of people."

Chicago Police are continuing to investigate the incident.

Michael Hayes is a senior reporter for BuzzFeed News and is based in New York.

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