ILLINOIS: Paul Powell's Nest Egg

Illinois Secretary of State Paul Powell had a simple definition, expressed in the negative, of a successful politician: "There's only one thing worse than a defeated politician, and that's a broke one." For 42 years, Powell was an undefeated politician. Now, three months after his death, at age 68, his executor, the Illinois attorney general and the Illinois Bureau of Investigation are taking the true measure of his success. Powell, who in his lifetime of public service never earned more than $30,000 a year, left an estate worth more than $2 million—$800,000...

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