Chicago police stand outside the building at 231 S. LaSalle Street where a shooting was reported.(Nancy Stone, Chicago Tribune / July 31, 2014)
An executive of a Loop company shot and killed himself after critically wounding the CEO of the firm in a dispute over a demotion, police said.
The shooting happened shortly before 10 a.m. in the offices of the ArrowStream company on the 17th floor of a building at 231 S. LaSalle St., police sources said.
One of the victims, a 59-year-old executive of the company, was dead on the scene with a gunshot wound to the head, the sources said, citing preliminary information. Police said he was the company’s chief technology officer.
The other man, the 54-year-old CEO of ArrowStream, was shot in the head and stomach and was taken in critical condition to Northwestern Memorial Hospital, according to police and fire officials.
Steven LaVoi is listed on the firm’s website as the founder and CEO of ArrowStream. He is married and has three daughters.
Police described the incident as an attempted murder-suicide. “It’s a workplace violence issue,” Police Superintendent Garry McCarthy said.
The company has been downsizing and has demoted a number of people. The shooter was demoted on Friday and asked for a one-on-one meeting with the CEO this morning. Around 9:55 a.m., there was a report of shots fired.
The CEO was shot in the head and stomach and is in “grave condition.” The shooter killed himself.
“Apparently he was despondent over the fact that he got demoted,” McCarthy said, adding that police were interviewing 10 witnesses.
McCarthy said there was “plenty of security in the building. He’s apparently a longtime employee. He comes in with a backpack like an employee normally does. . . This is a personal thing.”