60 Minutes (1968) s45e05 Episode Script

00:01:59,750 --> 00:02:05,300 This week before the election there is a lot of arguing about the slowest recovery America has ever seen.
We went to North Carolina, a state that went for the president last time but is swinging toward Mitt Romney now.
And we found the story of the economy in the death and life of Asheboro.
Asheboro grew up on manufacturing, its factories filled with generations of families who built their town near Purgatory Mountain.
But in fastest dying towns.
The folks there were never going to quit, but they are still struggling.
Why are we stuck somewhere between recession and recovery? No one better to ask than those who live around Purgatory.
In Randolph County, there's no escaping the second election since the great recession.
Nonstop, the TV promises a better day or warns of a worse one.
Folks around here have seen a lot of both.
Those days start with the signature sound of Asheboro at the Acme-McCrary textile company.
It opened the year that some of its workers helped put a Republican in the White House, William Howard Taft.
It was 1909.
One hundred and three years later, Bill Redding runs the place.
Scott Pelley: At its peak how many employees did you have? Bill Redding: About 2,000.
Scott Pelley: And today? Bill Redding: Six hundred.
To see why it's so hard to stitch together a recovery, look at the ladies hosiery business.
It's been torn to shreds by cheap imports.
Redding has kept the mill going two ways.
One, a great idea.
He took a chance on a new product: Spanx shapeware which became a sensation.
And two, he moved 600 jobs to Honduras.
Scott Pelley: The workers who are less-skilled in Honduras working for you, how much less are they making than the people who work on this floor? Bill Redding: Considerable.
Scott Pelley: Fifty percent? Bill Redding: I probably don't wanna answer that.
Scott Pelley: Okay.
But it's a considerable difference? Bill Redding: Oh, yeah.
Scott Pelley: And it's what keeps your business in business? Bill Redding: That's true.
Scott Pelley: What would've happened if you'd dug in your heels and said, "No, I'm keeping Bill Redding: I think we would probably not exist.
You don't have to look far to see what he means.
This mill, in the nearby town of Ramseur, was wiped out, with every job gone, a thousand of them.
We couldn't help but notice this in the demolition: "Please have a safe drive home, we want to see you tomorrow.
" Remember when driving was the biggest threat to workers? When tomorrow didn't come, there was no future for Ramseur's main drag.
Shops shuttered right after the plant and Amelia Hill, one of the last holdouts will close her diner this coming Thursday.
Amelia Hill: All the businesses are gone.
They've just faded out.
Moved.
I mean you can't survive.
There's no way.
There's no surviving.
Scott Pelley: You've been thinking about your retirement, and you've been saving money, I understand for a long time? Amelia Hill: Right.
Scott Pelley: Have you been spending some of that savings to keep the doors open? Amelia Hill: I've had to, I sure have.
Don't want to dig any deeper in it.
Scott Pelley: Today the only full-time employees are you and your daughter? Amelia Hill: Right.
Right.
Scott Pelley: You're gonna lay off your own daughter? Amelia Hill: I'm gonna lay off my own daughter.
They turned the bank into a town museum.
It's open two days a month which is more than its neighbors.
Scott Pelley: These were all the people who came to the cafe and sat at the counter and drank coffee in the afternoon, right-- Amelia Hill: Right.
Right.
Scott Pelley: These were your people? Amelia Hill: Those were my people.
Scott Pelley: And now you're one of them.
Amelia Hill: And now, I'm one of 'em.
Scott Pelley: We couldn't find a better example of what's happening to American manufacturing than this plant on a hilltop in Randolph County.
This used to be a textile plant.
They started building it in 1949.
They built the last addition on it in 1995.
But the plant closed and now they're tearing half of it down.
The manager told us that they just can't find a buyer who has enough employees to need this much space.
In the year 2000, there were 17 million Americans who were working in manufacturing.
Now there are just over 12 million.
That's five million jobs lost in manufacturing in just the last the debris of the recession, is a new economy in Asheboro.
Klaussner Furniture was forced to lay off half its workers, lost to Chinese imports.
Now it's holding on to the others by exporting to China.
Klaussner Furniture is expensive in China but, turns out, the growing Chinese middle class thinks the "Made In America" label is a status symbol.
"Made In America" is an advantage for the Technimark company which has created 800 jobs here.
It makes plastic products including iPhone covers.
They're growing because they can deliver a customer's new product in two weeks when it can take two months to ship the same thing from China.
Up the road in Kernersville, even the abandoned tobacco barns are turning a new leaf -- not with one big company moving in, but dozens of new entrepreneurs who are setting up shops.
A lot of them were down on their luck and had no choice but to cook up a new idea.
Jenny Fulton: I grew up on pickles.
My grandmother used to make pickles.
We'd--we always had pickles in the house, and I love 'em.
Jenny Fulton and Ashlee Furr were laid off stock brokers.
They poured their savings into Miss Jenny's Pickles.
They're in more than 500 stores, some of them in China, and soon to be in Mongolia.
Scott Pelley: They like pickles in China? Jenny Fulton: They're in 40 stores, and they're on the shelf-- Scott Pelley: Forty stores in China? Jenny Fulton: Yes, sir.
Beijing, Shanghai, Kunming, Shenzhen.
Scott Pelley: Why did you decide to expand into China? Jenny Fulton: Well I'll tell you what happened, I said, "Ashlee, 2011, we're gonna export to one country.
I don't care what it is.
Because United States.
To reach them she went to a seminar and heard about the U.
S.
Export-Import Bank -- the government's credit agency for foreign trade.
Jenny Fulton: And I sat right behind Fred, who's the president of the Export-Import Bank.
And so when he got done speaking, I went running outside to the car, because I saw a group of gentlemen standing there.
And I said, "Who's driving Fred?" Guy said, "Me, Chris.
" I said, "You're my new best friend.
Get him to eat these pickles before he gets on the plane because I want to export this year.
" Scott Pelley: You got some pickles to the driver of the head of the Export-Import Bank? Jenny Fulton: Yes, sir.
And, and we exported that year.
Scott Pelley: Pretty good trick.
Jenny Fulton: Ya gotta think out of the jar, you know? If you're selling pickles, you better be creative.
What's made us successful is what's made every American company successful, and that's hard work.
And not taking no for an answer.
If somebody tells me, "No," Scott, I say, "Okay that means timing's not right.
But you'll want my pickles.
" Scott Pelley: No means go? Jenny Fulton: It does, at the right time.
But, you know, we're not too pushy.
You know, I believe it or not.
I know you laugh, but-- Scott Pelley: Really? Ah, well, I'm glad to hear that.
Jenny Fulton: What I do is I drip on you, and I don't let you forget me, OK? Here they call that gumption and it's forced unemployment from 13 percent, near the highest in the nation, to just about nine and a half.
The jobs are coming, just not fast enough.
And no family is a better example of that than the Berrys.
Bobby Berry lost his factory job three years ago.
He's worked here and there, but mostly they've lived on his wife's pay and benefits.
Sugar Berry's been at the same steady job tires.
This month, Bobby got a job when the malt-o-meal cereal plant expanded with 50 new workers.
The Berrys had two paychecks again -- until the letter came.
Scott Pelley: This is the letter that you received from the company.
"This layoff is a result of the company's decision to cease operations at the Asheboro wire plant, which will result in the closure of the entire plant and the termination of the employment of substantially all of the plants employees, approximately you think? Sugar Berry: It can't be.
I, I said it couldn't happen whenever we were sold, but I guess I should have expected it coming.
They were sold to a Korean firm.
The jobs maybe headed to Vietnam.
Scott Pelley: So, one step forward, one step back.
Sugar Berry: Uh huh.
(affirm) Scott Pelley: It seems like the rest of the country.
Bobby and Sugar Berry: Yeah.
Scott Pelley: What's that last day gonna be like? You worked there nearly 30 years.
Sugar Berry: I just don't know.
Some of those people, I'll probably never see again and we've been together all these years, raised our families together and cut up together and been mad at each other.
And, you know, I don't know.
I don't want it to come.
Not long ago their son Matt might've followed them into a plant.
But instead he's at Randolph Community College learning high-tech manufacturing.
Many of his classmates are in their 30s and for recent increases in tuition assistance, and others in the county have survived on extended unemployment benefits.
But with Election Day coming, many have lost patience with predictions of a recovery they don't quite see Scott Pelley: When you see those ads, what do you think? Bobby Berry: I just lost confidence in all of 'em to tell you the truth.
I mean, you know.
They'll make these promises around election time and then it seems like, you know, after it's over with, nothing.
So, you know, I don't even know if I'll vote.
Scott Pelley: Sugar, what do you think? Sugar Berry: It shouldn't be that we're trying to one-up either side.
It should be that we're working together for the American people.
And you have not seen that at all.
Whoever's got something on the floor, the other's gonna do whatever they can do to veto it, or be against it instead of doing what's right for the American people.
Around Purgatory Mountain, jobs lost by the thousands are being reinvented by the hundreds.
There is considerable doubt that another election will do very much about that.
Folks around here believe that if there is to be a brighter tomorrow they'll have to build it themselves.
American history is housed in the National Archives.
Forty-four of them, spread all over the country.
They contain documents, photos, maps, artifacts that go back to our founding fathers.
Every school kid knows about some of them: the Declaration of Independence, the Constitution, and Bill of Rights; but there are millions of others, from the patent for Michael Jackson's moonwalking shoes, to Benedict Arnold's loyalty oath.
Many are priceless treasures which means they attract not only scholars but thieves; more and more of them all the time.
Getting to the crooks before they get to the archives has become a new priority in law enforcement.
No one knows more about this than Barry Landau - a self-described presidential historian and one of the foremost collectors of presidential memorabilia.
That's because Barry Landau carried out the largest theft of these treasures in American history.
Prosecutors say he is one of the most accomplished conmen they've ever encountered.
For decades, he was a regular guest at the White House.
Here he is with President Ford and Queen Elizabeth.
He's the guy with the beard.
He showed up with President Reagan and Nancy at the Inaugural Gala in 1985 and met a whole bunch of presidents: Richard Nixon, George H.
W.
Bush, Bill Clinton.
He wrote an impressive picture-laden book, "The President's Table.
" And was invited to the finest anchor desks in town [Matt Lauer: Barry H.
Landau is presidential historian.]
[Keith Olbermann clip: The story of the ultimate inauguration collector.]
But when we met up with him in June, he no longer wanted to tell his story.
He'd been convicted of the single largest theft of historic artifacts in the United States.
He stole thousands of items; including hundreds of documents signed by some of the most famous names in history: George Washington, Thomas Jefferson, Francis Scott Key, Marie Antoinette and Voltaire.
He'd pilfered them from museums and libraries all over the country.
U.
S.
Attorney Rod Rosenstein was in charge of the prosecution.
Bob Simon: He was a conman? Rod Rosenstein: Barry Landau was a con artist.
And he used his reputation as a presidential historian in order to gain the confidence of museums and other people who had custody of important documents and then he stole them.
It was a reputation, it turns out, that was the product of his rich imagination.
Landau claimed he'd worked for every president since Lyndon Johnson, had served as chief of protocol at the White House.
Rod Rosenstein: But in fact, there is no evidence that Barry Landau was ever employed by any White House or had any of the relationships he claimed to have or indeed had any legitimate job at all.
The Landau case and a few others let law enforcement know they had a problem they hadn't really been aware of until very recently.
Paul Brachfeld: Every institution now that has collections is threatened.
We all know that there is a major threat and it's getting larger.
Former Secret Service employee Paul Brachfeld is the inspector general of the National Archives.
He runs the tiny and little-known archival recovery team: armed federal agents and historians who, along with the FBI, go after stolen national treasures.
Bob Simon: Now Landau, was he a good thief? Was he a good conman? Paul Brachfeld: From everybody I talked to, he was a master thief.
Because he did it over a duration of time.
He shopped.
He got what he shopped for.
A trusted researcher and regular at libraries around the country, Landau's strategy, along with his accomplice, they conquered with kindness; as they did here at the Maryland Historical Society where Pat Anderson is the director.
Bob Simon: Some thieves work with knives, others with guns.
These guys worked with cupcakes? Pat Anderson: Yes, they did.
Yes, they did.
They brought us cupcakes and the second time they visited, they brought cookies.
Evidently they took treats to every repository they visited.
Bob Simon: And it worked.
Pat Anderson: It did work.
But on July 9th last year, the esteemed Mr.
Landau got careless and Pat Anderson's archivists got suspicious, caught them stealing and called the police.
Bob Simon: How many things did they have when they were caught? Pat Anderson: They had 60 pieces of our library material.
Bob Simon: OK, so now this is some of the stuff they stole? Tell me what we're looking at.
Pat Anderson: These are inauguration souvenirs.
Bob Simon: From which inauguration? Pat Anderson: This is Grover Cleveland's and, these are fun, tickets to Andrew Johnson's impeachment trial in the U.
S.
Senate.
And they grabbed a fistful of those.
Bob Simon: I bet.
There wasn't much security at the Maryland Historical Society.
But still, how do you walk out in front of the librarians' desk with 60 documents? The secret was sartorial.
Deep pockets.
Bob Simon: And those are his costumes? Rod Rosenstein: These are the jackets that Mr.
Landau used and he had altered in order to steal items from the historical societies.
Now, what's interesting about these coats is that he arranged for a tailor to install interior pockets, hidden pockets inside the jackets that are large enough to fit these documents.
Landau had a whole collection of them, including a trench coat.
Bob Simon: How did you react when you saw his jackets? Paul Brachfeld: Fascinated.
Again, in my world, every criminal is different.
Every thief is different.
And you just always - you kind of respect them.
You kind of learn from them.
After the bust in Maryland, Inspector General Brachfeld and the FBI decided it would be a good idea to get a search warrant for Landau's apartment in New York.
Bob Simon: It was your agents who broke into Landau's apartment.
How did they react when they found what they found? Paul Brachfeld: Well, my focus was getting them a truck because when we got to Mr.
Landau's apartment, we came to the quick realization that we needed a truck.
This was, by far, in terms of quantity, the largest amount of documents and artifacts that we've ever recovered from one site.
Ten thousand items; including 300 of extraordinary historical value.
What were they worth on the market? Paul Brachfeld: I think the value was astronomical.
And for me, it's so difficult to put an empirical number on them.
It's basically how much the market would bear.
For all I know, to some collector, one document might have been worth millions.
Bob Simon: All of these were found in Landau's apartment? Rod Rosenstein: All of these documents were seized from Mr.
Landau's apartment in NYC.
There were remarkable documents: letters signed by Mark Twain, Sir Isaac Newton, Charles Dickens, a document penned by Lorenzo de Medici 533 years ago, an epitaph written by Benjamin Franklin for himself.
Bob Simon: And he wrote, "Lies here food for the worms yet the work shall not be lost.
" Pretty good stuff.
A letter written by John Hancock with a real John Hancock signature, and for 20th century buffs, there was the original reading copy of FDR's 1937 inaugural address.
This one.
[Video of FDR delivering inaugural address: One third of a nation, ill-housed, ill-clad, ill-nourished.]
Rod Rosenstein: It was a rainy day.
In fact, the reading copy of the speech, the document the president read from that day was waterlogged.
And you can see that on the document that we seized from Mr.
Landau.
And landau didn't just steal from historical libraries.
He had taken his campaign of kindness all the way to the White House, befriending President Clinton's former secretary, Betty Currie, who made the mistake of inviting Landau to her house.
Bob Simon: Landau was pretty good at making friends with people who could help him, wasn't he? He spent nights at her place.
Paul Brachfeld: Bad, bad offer to invite him into your house.
Bob Simon: He arrived at her house with one suitcase and left with two? Paul Brachfeld: The assistant U.
S.
attorney actually upped that - I think he said it was three in court.
So Betty Currie should've gotten up early that morning and basically escorted him out the door.
I guess there's a lesson to be learned.
If you have a houseguest, say goodbye to them in your driveway.
He robbed her of more than 250 items; including copies of presidential speeches from her personal collection.
Naturally, we wanted to ask Barry Landau about all of this so this summer we tried to talk to him in New York City.
Bob Simon: Bob Simon, 60 Minutes.
Talk to us a minute.
Barry Landau: No, no, no, no, no.
Bob Simon: Just answer some questions.
It'syou're being accused of a lot of things and we want to hear your side of it.
They say, the prosecution says you're a conman, a thief, what do you say to that? Don't you have anything to say at this point in your own defense? Landau may have been the maestro of his craft.
But there have been others thieves.
This summer, prosecutors put Leslie Waffen behind bars.
He was in charge of the Archives' audio and film records department.
He stole thousands of original recordings and sold them on eBay.
Gems like this eyewitness account of the Hindenburg disaster: [Witness: It's a terrific crash, ladies and gentlementhe smoke and the flamesoh the humanity!".]
Another employee stole most of the presidential pardons from the Philadelphia archives, as well as hundreds of photos taken by astronauts in space and on the moon.
Bob Simon: Do you look on eBay for suspicious documents? Paul Brachfeld: That would be one of the sites we would look at.
Many times, when a thief is trying to move a document on the Internet, the buyer may be a federal agent.
And that's real sweet.
Bob Simon: You're talking sting operations? Paul Brachfeld: Yes.
Bob Simon: Have you been successful with sting operations? Paul Brachfeld: Yes.
We ask our sentinels, historians and collectors and dealers, to help us.
We go where a lot of federal employees usually aren't welcome.
We'll go to gun shows, we'll go to dealer shows.
Like the Civil War collector's fair in Gettysburg, Penn.
Here hundreds of dealers and thousands of visitors show up every year to meander.
And to buy.
Many documents -- including a few signed by Ulysses Grant and Robert E.
Lee are for sale.
Have any of them been stolen from archives or museums? That's what Archival Recovery Team agents Kelly Maltagliati and Mitch Yockelson are looking for.
Bob Simon: What would you be happiest to find? Mitch Yockelson: We're missing the Wright Brothers patent.
That would thrill me to no end to recover the patent for the Flying Machine of 1903.
Bob Simon: When did it disappear? Mitch Yockelson: We don't even know.
We discovered it was missing around 2003 when a staff member had wanted to pull it for an exhibit commemorating the centennial.
Also missing, the bombing maps of Hiroshima and Nagasaki.
So where do these things end up? Rod Rosenstein: In foreign countries, for example in Eastern Europe, there is a market - a black market - for American historical documents Bob Simon: How do these black markets function and where are they? Rod Rosenstein: I think it's like any illegal market anywhere in the world.
If you know of somebody who has a lot of money and wants to collect significant, unique items and you make that connection, then you may well be able to make the sale.
But Barry Landau has been put out of business.
This summer, he was sentenced to seven years in prison.
And that's not all.
Rod Rosenstein: Even after Mr.
Landau is released from prison , he will be prohibited from visiting museums, libraries, or any other places where documents are deposited.
One after effect of the Landau case is that security is being tightened in many of these places.
Pat Anderson is imposing new rules in the Maryland Historical Society.
Pat Anderson: Our patrons are no longer allowed to wear jackets in the reading room.
And it's unfortunate, some of our older patrons, they get chilly and we have to say "I'm sorry" and so they can wear a shawl but they can't wear jackets, so(laughs) Bob Simon: You're going to have to hand out blankets.
Pat Anderson: Well exactly and hope they don't have pockets in them.
Bob Simon: Yeah (laugh) And Ms.
Anderson will not just be hoping.
She'll be there on the front lines guarding our past.
Bob Simon: You are the custodians of more than these documents - you're sort of the custodians of American history.
Pat Anderson: Yes we are.
We're the stewards.
We make sure it gets from one generation to the next.
You know, this is what survives of the American past.
We never have all of it which is what makes what survives so much more important.
These things don't belong to us.
They belong to the American people.
Last November, Shahid Khan, a 62-year-old Pakistani-born billionaire, bought pro football's Jacksonville Jaguars for $770 million.
That deal made Khan the first ethnic minority to own a team in the NFL.
And that may be the least interesting thing about him.
With his engaging personality and unflagging optimism, Khan has taken the city of Jacksonville by storm.
He's become the town's leading cheerleader and has plans to turn the Jaguars into an international brand.
Shad, as he prefers to be called, came to the U.
S.
at age 16 with $500 to his name.
Within two decades, he built a successful auto parts business and amassed a fortune.
The Jaguars haven't had a winning season in four years, have never been to the Super Bowl.
They are also a team short on big-name players.
That's put Shad Khan in a unique position for a rookie owner.
He is the face of the franchise.
[Fan: I love you guy, I love you! Shahid Khan: Who has the bigger mustache? Shahid Khan: There's a good-looking woman! .]
Ninety minutes to kickoff and the Jaguars most popular personality wasn't in the locker room or warming up on the field.
He was in the stadium parking lot, drawing a crowd.
Shahid Khan: So, Byron, it's probably a really humbling day for 60 Minutes.
You know, nobody cares about 60 Minutes.
Everybody cares about the Jaguars.
Isn't that amazing? Less than a year into his tenure, Shad Khan is a phenomenon.
His rakish mustache has become a "must have" accessory for any self-respecting Jags fan.
[Fan: We are so happy that you're here with us! Shahid Khan: Oh! Thank you so much.
.]
He has an approval rating any politician would envy: 78 percent.
He's his team's advertising spokesman [Shahid Khan: I'm Jaguars owner Shad Khan, and I'm all in.
.]
and pokes fun at himself in this music video spoof [Shahid Khan: Oopa! Gangnam style!.]
Byron Pitts: There's a part of you that is a salesman.
Shahid Khan: I think its human interaction.
I mean, they're already here, they bought tickets, there's very little to sell.
If anything, selling hope.
[Fan: Are we going to cover the spread? Khan: I don't even know what it is.
Khan: Thank you.
.]
While Khan enjoys rock star status today, news that a Muslim from Pakistan had bought the Jaguars did not go over well with everyone in this conservative corner of northeast Florida.
In comments quoted in online media, Khan was called, among other things, a "terrorist from Pakistan," a "sand monkey.
" One person asked, "If you buy a Jags season ticket, does it come with a prayer rug?" Byron Pitts: How'd you react to that? Shahid Khan: Ahh, well you know, the way I reacted most of my life which is: it's not really my problem.
It's their problem.
Shahid Khan: It was not Jacksonville's finest moment.
Byron Pitts: So it's true that the former owner, Wayne Weaver, was so embarrassed that he offered you a chance to get outta the deal? Shahid Khan: Well, please, I wouldn't characterize it that way.
I think he was surprised.
And he wanted to just make sure that, you know, it wasn't giving me pause.
Byron Pitts: And it gave you none at all? Shahid Khan: None whatsoever.
As a matter of fact, if it was possible for me to be more determined, it, you know, gave me more determination.
That determination can be traced back to a childhood half a world away, in the hot, dusty streets of Lahore, Pakistan's second largest city.
Shahid Khan: This is the Lahore Fort.
Last spring, we went to Lahore with Khan to visit his family.
He took us to his boyhood home where we met his 89-year-old mother, Zakia, a retired math professor, and his younger brother, Faran, a businessman.
Byron Pitts: How do you explain it? Your son, your boy, is one of the richest men in the world.
How do you explain that? Zakia: Well, it's his hard work.
And luck also.
Faran: As his friends say, he always knew about his destiny.
He had that entrepreneur, I would say, instincts which made him succeed like this.
Khan's late father, Rafiq, sold surveying equipment.
He preached humility and frugality and encouraged his son's early business ventures.
As a child, Khan built and sold radios and made his friends pay to borrow his comic books.
And this is where the future owner of an American pro football team spent many afternoons as a boy: the city's cricket stadium, home to Pakistan's national team.
Shahid Khan: This is where, you know, the big sports events happen.
Byron Pitts: So this is your Yankee Stadium, your Soldier Field? Shahid Khan: Absolutely.
Shahid Khan: We would walk over and, you know, get here after tea time so we could walk in free.
Byron Pitts: That was big because your dad wasn't big on spending money on tickets.
Shahid Khan: Never bought a ticket ever.
Byron Pitts: And proud of that? Shahid Khan: And proud of that.
That evening, chatting over tea above Lahore's Royal Mosque, we were treated to a regular feature of Pakistani life, a cut in power.
Byron Pitts: Now that happens a lot in Pakistan I've noticed.
Shahid Khan: Yes.
When the lights came back on, we talked about coming home.
Byron Pitts: When many people come home they revel in being at home again.
They wax nostalgic about what it means to be back.
But you're not that way.
Why? Shahid Khan: Because, oh my God, I mean you know, you've been here.
See how hard things are? You know, power's going out, it's 108 degrees.
It's tough.
But I think this is physical things.
I think the biggest impediment here is that hope, and you know, getting to the next stage.
It doesn't matter how hard you work, there are forces that kind of prevent you from being the best you can be.
In January 1967, with $500 dollars in his pocket, Shad Khan set out for America.
He was 16 years old.
He'd been accepted at the University of Illinois in Champaign-Urbana to study mechanical engineering.
He spent his first night at the local YMCA.
Byron Pitts: So your room was on this side of the building? Shahid Khan: It was, dormitory, I believe it was this side right here.
His room at the Y set him back just two dollars.
But Khan was so afraid of running out of money, he headed out the next morning to find a job.
Shahid Khan: Got up and walked up on Wright Street and they were hiring dishwashers - a buck 20 an hour.
I was, "Wow, I think I'm gonna make it.
This is my liberation.
I control my destiny and - Byron Pitts: A job washing dishes Shahid Khan: Yes.
Byron Pitts: would allow you to control your own destiny.
Shahid Khan: A buck 20 an hour, that's big money, I mean, more than what 99 percent of the people in Pakistan were making.
I can control my destiny, I control my life.
The teenager from Pakistan adapted easily to life on the Illinois campus.
He was invited to join the highly selective - and all-white -- Beta Theta Pi fraternity.
Byron Pitts: Why do you think they accepted you? Were you a novelty to them? Shahid Khan: I think it was definitely a novelty for them.
Byron Pitts: Sure, John Smith from Cleveland, Michael Thompson from Chicago and, oh, Shahid Khan from Pakistan.
Shahid Khan: Exactly.
So it was kind of fun for them to see what this is going to turn out to be.
It turned out well for Khan.
Through a frat brother, he met fellow student Ann Carlson.
After dating for 11 years as Khan built his business, he and Ann married at a Las Vegas wedding chapel.
They have two grown children.
Byron Pitts: Gets awfully loud in here.
Shahid Khan: Yeah, it's loud in here.
It's the sound of money.
Shad Khan made his fortune in -- of all things -- truck bumpers.
Right out of college, he went to work for a small company called Flex-N-Gate, where he helped perfect the first one piece truck bumper.
It was revolutionary, lightweight and didn't rust.
Khan bought the company in Byron Pitts: So today you make bumpers for how many different kinds of cars and trucks? Shahid Khan: A lot, a lot (laugh).
Flex-N-Gate parts are on two-thirds of all the cars and trucks sold in America.
Last year, it had sales of $3.
5 billion.
And all those bumpers landed Khan on the Forbes list of the 400 richest people in America.
[Shahid Khan on phone: Just keep me posted and then I think we'll figure out what to do.
.]
He has been living the American dream for But Khan's ethnic background has made him a victim of racial profiling.
In the aftermath of 9/11, he says traveling back to the U.
S.
became a humiliating ordeal.
There were endless questions and searches by immigration.
On one occasion, he was detained while crossing the bridge between Canada and Detroit.
Shahid Khan: Got thrown in the brig.
Byron Pitts: Thrown in jail? Shahid Khan: Well, they had a little holding pen in the bridge.
Byron Pitts: How long were you there? Shahid Khan: Maybe five, six hours.
But you know what's disturbing is they take your passport, they take the phone, they take everything.
So you are just sitting there helpless for hours.
Byron Pitts: You're a successful businessman.
You've done nothing wrong.
Shahid Khan: Yeah, yeah, but you know, it's like their intentions are good.
Byron Pitts: Come on, now, you're the most generous man, you're always willing to make excuses for people for the things they do.
Shahid Khan: Well you know, I gotta be honest with you, that's about the only thing that kind of made me a little bit angry.
While he enjoys returning to Pakistan to see his family, Khan says he's concerned by the radical shift in political attitudes there.
Byron Pitts: When we were with you in Lahore, one of the shop owners, and we asked him, when did things begin to change in Pakistan, and he said, went like this (gestures to beard), when the long beards took over.
Shahid Khan: Yeah, yeah, and he's absolutely right.
I think it's not religion itself.
I mean, it's the baggage that comes with it, frankly, that's in the name of religion, people are doing horrible things.
Byron Pitts: And in the Pakistan of your youth, you could, whatever your faith was, was acceptable.
Shahid Khan: Absolutely, and not only was it acceptable, it was respected.
The man who grew up on cricket in Pakistan says his passion for American football began at the University of Illinois, cheering on the Fighting Illini.
With financial success came the opportunity to buy into the game at the highest level.
Khan says he leaves the football side of the business to others, but expects the best from his players.
So one of his first moves was to provide them with what's said to be the best locker room in the NFL.
Shahid Khan: This is about comfort.
This is about recognition.
This is about setting standards.
And in a strategy he hopes will pay dividends for the team and Jacksonville, he announced plans for the Jaguars to play one home game in London for the next four seasons.
But Shad Khan's biggest challenge will be fielding a more competitive team.
[Marv Albert: The Jacksonville Jaguars a disaster!.]
The Jaguars appear headed for a fifth straight losing season; bad news for a team that's already the least valuable, least popular franchise in the NFL.
Byron Pitts: Why did you buy this team? Why not buy one of the - for the lack of a better phrasing - marquee NFL teams? Khan: Well, because you buy what's available for sale.
So, this isn't like going on Craigslist and picking up an NFL team, OK? It is developing relationships to find out when something might be available.
And, you know, for me it's been like fate.
It's just like saying, "You know I'm from Pakistan, you are 16, why go to Champaign-Urbana? Why not go to New York or go someplace else? Well because it was Champaign-Urbana, it was fate, it was destiny, it was kismet.
Same thing here.