How can I remove this icon from the menu bar? I am seeing attached icon in the top right menu bar. I tried deleting MenuExtras by going to /System/Library/CoreServices/Menu Extrasbut it didn't help, please help to hide or remove it.
That item is the VMWare fusion menu bar icon.

The vendor has this article and steps to allow you to disable and configure it. 

http://kb.vmware.com/kb/1015330

To modify the behavior of this feature:


Go to Virtual Machine > Settings.
Click Application Menu (Applications in Fusion 3).
Click the Applications Menu tab if using Fusion 3.
From the Show applications menu in menu bar drop-down, choose Always, Never, or Only when Fusion is running.