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Originally from Portland, Ore., Wiederhorn graduated from USC and, at age 21, founded the investment firm Wilshire Credit Corp.

President Trump issued a late-night executive order Thursday calling for an end to government dollars for the Corp. for Public Broadcasting, the taxpayer-backed entity that provides funding to public media outlets the president described as “left wing propaganda.”

The brokerage's competitor, Charles Schwab Corp., said Thursday it has similar plans.

McDonnell on Wednesday repeated his promise to announce a departmental realignment after the completion of a study by Rand Corp., a global policy think tank brought in last year to conduct a top-down review.

At 28, he teamed up with an older sibling, Dean, to manage their Lam Brothers Corp.